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.
Materials
Nippon Steel to invest $6bn to electrify production in Japan
Move comes during company's 17-month pursuit of US Steel
Nippon steel has qualified for up to 251.4 billion yen in assistance from the Japanese government to decarbonize its production. (Photo by Toshiki Sasazu)
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