TOKYO -- Nippon Steel will invest 868.7 billion yen ($6 billion) in three Japanese steel mills to expand its electric furnace production capacity, the company said Friday, as part of its effort to decarbonize its steelmaking processes.
The bulk of the investment will go to the steelmaker's production facility on the southern island of Kyushu, where it will spend 630 billion yen to build a new electric furnace.
