NIPPON STEEL, INLAND DISCUSSING U.S. JOINT VENTURE Nippon Steel Corp <NSTC.T> and <Inland Steel Co> of the U.S. Are negotiating to set up a joint steel venture in Indiana, a Nippon Steel spokesman said, declining to give more details. Several local newspapers reported the joint venture would be capitalised at 150 mln dlrs, owned 60 pct by Inland and 40 pct by Nippon Steel, and have annual production capacity of one mln tonnes of steel to supply car makers.