FILE PHOTO: A production line of Nippon Steel & Sumitomo Metal Corp.’s Kimitsu steel plant is pictured in Kimitsu, Chiba Prefecture, Japan, May 31, 2018. REUTERS/Kim Kyung-Hoon/File Photo

14 Oct 2021 02:39PM
(Updated: 14 Oct 2021 02:36PM)

TOKYO : Japan’s Nippon Steel & Sumitomo Metal Corp on Thursday said it has filed patent infringement lawsuits against Toyota Motor Corp and China’s Baoshan Iron & Steel Co Ltd (Baosteel).

Nippon Steel in a news release said it was seeking 20 billion yen (US$176.26 million) in damages from each company regarding its patent related to non-oriented magnetic steel sheets.

(US$1 = 113.4700 yen)

(Reporting by Tokyo Newsroom; Editing by Christopher Cushing)

Source: Reuters

Also worth reading

Read More