Steelmaker JFE to raise $1.3bn for decarbonization in share, bond sale

Exclusive: Japanese group eyes investments in electric furnace, EV materials

20230904N JFE logo

JFE Holdings, Japan's second-largest steelmaker by output, will expand production of a material for EV motors at home and in India. (Photo by Arisa Moriyama)

AKIHIRO OTA, JUN WATANABE and TAKASHI OKU, Nikkei staff writers

TOKYO -- Japanese steelmaker JFE Holdings plans to raise around 200 billion yen ($1.37 billion) for efforts to cut carbon emissions, including higher production of metal for electric vehicles, Nikkei has learned.

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