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Nippon Steel, ArcelorMittal delay US auto sheet plan

Wed Dec 3, 2008 10:43pm EST

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TOKYO, Dec 4 (Reuters) - Nippon Steel Corp (5401.T), the world's second-biggest steelmaker, said on Thursday it and ArcelorMittal (MT.N)(ISPA.AS) had decided to delay plans to double auto sheet production capacity at their U.S. joint venture I/N Kote.

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Nippon Steel said the plans would be put off until demand in the U.S. car market shows a recovery. (Reporting by Yuko Inoue)

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