Tag: Japan: JFE Steel to double its investment to increase electrical sheet capacity

JFE Steel, Japan’s second-largest integrated steelmaker after Nippon Steel, plans to allocate another Yen 50 billion ($379 million) to add more capacity for non-grain-oriented (NGO) electrical steel sheets, a key ingredient in the cores of electric motors. Back in April 2021, the company had announced that it was spending Yen 49 billion to build new…