TOKYO -- Nippon Steel is set to acquire two electric-furnace steelmakers in Thailand, G Steel and GJ Steel, next year, Nikkei has learned, in a move aimed at reducing its reliance on coal to produce the metal.
Nippon Steel has traditionally used blast furnaces to produce steel. The process involves heating iron ore with coke, a coal-based fuel, to remove the oxygen in the ore to extract iron. This is suitable for mass production but also emits vast amounts of carbon dioxide.
