Nippon Steel lifts spending further for electrical sheet

Nippon Steel, Japan's largest integrated mill, will invest an additional Yen 19 billion ($166.6 million) as part of its ongoing drive to expand electrical sheet production capacity and quality at its Setouchi works in western Japan, the company announced on November 2. This will be third expansion for electrical sheet at the works and will boost total production capacity by 50%, it said.

When the new facilities are commissioned in the first half of FY2024 (April-September 2024), production capacity for high quality electrical sheets will be expanded by 250% compared with existing capacity, the company says. Nippon Steel regards electrical sheet as a crucial strategic business item and so keeps actual capacity