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JFE Steel pours $1bn into shrinking carbon footprint 20% in decade

Japanese steelmaker taps greener tech, pressed by investors and regulations

JFE Steel will upgrade its basic oxygen furnaces with an energy-efficient version and recycle more iron scraps. (Photo courtesy of the company)

TOKYO -- Japan's JFE Steel will spend over 100 billion yen ($955 million) during the next decade to install equipment at the company's mills nationwide, looking to reduce their output of carbon dioxide by at least 20% within that period.

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