EL PASO, Texas -- Major Japanese electric-furnace steelmaker Kyoei Steel has begun construction on a $255 million production facility in the southern U.S. state of Texas, the company's biggest investment to date.
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Japan's Kyoei Steel pours $255m into new Texas facility
US tariffs and strong demand are tailwinds for El Paso electric-furnace plant
Equipment is aging at Vinton Steel's current electric-furnace steelworks in El Paso. (Photo by Yuji Ohira)
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