TOKYO -- Nippon Steel looks to invest $4 billion in a new electric arc furnace steel mill for U.S. Steel slated to start up as soon as 2029, Nikkei has learned, providing financial and technical support to turn its new subsidiary around.
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Nippon Steel to build $4bn electric arc furnace mill in US
Vice Chairman Mori discusses investment for U.S. Steel turnaround
Electric arc furnaces emit less carbon dioxide and are more efficient than traditional blast furnaces. (U.S. Steel)
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