- $6.05B decarbonisation investment targets transition to electric arc furnace (EAF) technology at three Japanese plants.
- 2.9M metric tons of new annual steel production capacity expected by 2029.
- $1.75B in government subsidies will support the shift under Japan’s Green Transformation initiative.
Nippon Steel is investing ¥870 billion (USD $6.05 billion) to modernize three domestic plants with electric arc furnace (EAF) technology, aiming to significantly reduce carbon emissions in one of the world’s most carbon-intensive industries.
The move marks a pivotal shift away from traditional blast furnace (BF) steelmaking, which relies heavily on coal.
