Nippon Steel Commits $6B to Decarbonize with Electric Arc Furnaces
Tokyo, June 2025 — Nippon Steel has announced a ¥870 billion (USD $6.05 billion) investment to transition three of its Japanese plants to electric arc furnace (EAF) technology, a major step in its push to reduce carbon emissions and meet long-term climate targets. The initiative, supported by ¥251 billion ($1.75 billion) in subsidies under Japan’s […]
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