Tag: Japan: Nippon Steel draws up over $6 billion investments for EAFs to reduce carbon emissions

Production to commence at three EAFs by April 2029 Cost escalation key challenge for steelmaker in green transition Steel major Nippon Steel has been selected for the ‘2025-2029 Energy and Manufacturing Process Transformation Support Business (Business/(Steel)’ based on the Japanese government’s Green Transformation (GX) Promotion Act, the company stated in a press release published yesterday.…