Japan: Nippon Steel to build new hot-rolling line at Nagoya Works

Nippon Steel Corporation announced on 10 May’22 that it is investing approximately JPY 270 billion ($2.76 billion) in a new hot-rolling line project at its Nagoya Works. This is the first investment in 30 years for a Japanese manufacturer in building a new line. The new facility will go into operation in FY’26 and the current line will be suspended after the new facility turns operational.