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Japan's Nippon Steel & Sumitomo Metal Corporation (NSSMC) said that it has inked an agreement with Indonesian PT Krakatau Steel to have a study to jointly establish a joint venture for producing and selling automotive steel flat products in Indonesia.The two companies will discuss the details of the joint venture and they planned to enter into a definitive agreement in the first half of 2013.It's known that MSSMC will take 51% stake in the new joint venture and PT Krakatau will take the 49%.