© Reuters. FILE PHOTO: The logos of Nippon Steel Corp. are didplayed at the company headquarters in Tokyo, Japan March 18, 2019. REUTERS/Yuka Obayashi/File Photo
(Reuters) – Japan’s Nippon Steel said on Thursday it had dropped lawsuits against Toyota Motor (NYSE:) and Mitsui & Co over electrical steel sheet patents, but continues to seek damages from Chinese steelmaker Baoshan Iron & Steel Co.
With the lawsuits filed in 2021, Nippon Steel sought compensatory damages from Toyota, Baoshan, Mitsui & Co and Mitsui & Co. Steel, alleging their infringement of its patents relating to non-oriented electrical steel sheets.
The Japanese steelmaker has terminated the lawsuits against Toyota and Mitsui by waiving claims against them, it said in a statement.
Nippon Steel will continue its lawsuits against Baoshan, and will “firmly protect its intellectual property rights as the fruits of its technological development,” it added.