Nippon Steel sues Toyota, Baoshan for patent infringement


TOKYO, Oct 14 (Reuters) – Japan’s Nippon Steel & Sumitomo Metal Corp (5401.T) on Thursday stated it has filed patent infringement lawsuits in opposition to Toyota Motor Corp (7203.T) and China’s Baoshan Iron & Steel Co Ltd (Baosteel) (600019.SS).

Nippon Steel in a information launch stated it was looking for 20 billion yen ($176.26 million) in damages from every firm concerning its patent associated to non-oriented magnetic metal sheets.

($1 = 113.4700 yen)

Reporting by Tokyo Newsroom; Editing by Christopher Cushing

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