NKK Corp. of Japan and Siderca S.A. of Argentina have signed a letter of intent pursuant to which they have agreed to build a strategic alliance that would combine their marketing and technological strengths in relation to the manufacture and sale of seamless steel pipe.Siderca is the controlling shareholder of Dalmine S.p.A. of Italy and Tubos de Acero de Mexico S.A. of Mexico. They form together the DST Group, which is part of the larger Techint Group.Pursuant to the letter of intent, NKK and Siderca would jointly own a Japanese corporation that would hold NKK's seamless steel pipe business. Siderca would own 51% of the equity of such corporation, while NKK would own the remaining 49...

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