Terms & Conditions | Privacy Policy | Mysteel.com
Events
About Us
  • Home
  • /
  • Market Insights
  • /
  • News
  • /
  • Article

Govt funding helps Nippon Steel decide to make huge EAF investments

Source: Mysteel Jun 03, 2025 14:30
Share this with
X linkedin WeChat Copy this link
Ferrous Capacity Company Global
The same day that it was hoping to hear whether Donald Trump on the other side of the world would allow its nearly $15 billion 'partnership' with United States Steel to proceed, in Tokyo on Friday Nippon Steel announced that it had decided to invest Yen 617.3 billion ($4.3 billion) of its own money to expand electric-arc furnace (EAF) steelmaking at several of its works in Japan as part of decarbonization efforts. The Japanese government will contribute another Yen 251.4 billion.
Nippon Steel declared that it had made the decision to invest after being selected as a "2025-2029 Energy and Manufacturing Process Transformation Support Business" under Japan's new Green Transformation (GX) Promotion Act, formulated to help companies "transition from a fossil fuel-oriented economic and industrial structure to a clean energy-oriented

To read the full article take a free 7-day trial to Mysteel Global

To view this content

Free Trial

+65 6939 6700 globalsales@mysteel.com

You May Also Like
  • ArcelorMittal gains all Nippon Steel's shares in Alabama JV for $1

    Jun 20, 2025 10:15

  • BREAKING NEWS: Nippon Steel finally completes U.S. Steel takeover

    Jun 19, 2025 08:45

  • Japan's JFE to integrate Thai flat-product ventures

    May 28, 2025 11:45

  • Nakayama Steel, Nippon Steel in EAF lease deal

    May 12, 2025 17:00

  • Taiwan's CSC hikes HRC, CRC list prices for January sales

    Dec 19, 2025 17:20

Price Curve
Daily Prices
  • Iron ore concentrates prices: China's major miners

    Dec 20, 2025 11:01

  • Iron ore concentrates procurement prices: China's major mills

    Dec 20, 2025 10:57

  • Iron ore concentrates procurement prices: China's major mills

    Dec 19, 2025 20:28

  • Iron ore concentrates procurement prices: Shandong major mills

    Dec 19, 2025 20:10

  • Mysteel Iron Ore Index

    Dec 19, 2025 19:37

Terms & Conditions Privacy Policy Contact Us Mysteel.com
©2025 Mysteel Global Pte Ltd. All rights reserved.
Mysteel Global WhatsApp business account
Customer Service: globalsales@mysteel.com