LONDON, Oct 14 (Reuters) – China’s Baoshan Iron & Steel Co Ltd (Baosteel) (600019.SS) mentioned on Thursday it didn’t agree with Japanese rival Nippon Steel’s (5401.T) claims that it infringed patents.
Nippon Steel mentioned on Thursday it had filed lawsuits towards Baosteel and Toyota Motor Corp (7203.T) with a Tokyo district courtroom. learn extra
Baosteel mentioned in an announcement it had repeatedly approached Nippon Steel concerning the claim and was rebuffed, calling this “regretful”.
The firm mentioned it had strictly adopted rules and would actively reply to the lawsuits and “firmly” defend its rights and pursuits.