Japan

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Japan’s Kobe Steel to cut investments in decarbonization

The decision was made due to a slowdown in the global emissions reduction trend

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Nissan to close seven plants and cut 20 thousand jobs

The Japanese manufacturer has presented a restructuring plan

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The Japanese government has prepared a package of measures to mitigate the effects of US tariffs

US tariffs could significantly harm the auto sector and steel industry

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JFE Steel invests $2.26 billion in the construction of an electric arc furnace in Japan

The company announced the move after the approval of a government grant

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Toyota to reduce steel prices for spare parts producers

The reduction will be approximately $101/t

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Nissan plans to increase the use of green steel in Japan by 5 times

Company expands cooperation with low-carbon steel producers to reduce CO2

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Japan’s JFE Steel’s EAF construction project receives state support

Investments in the project are estimated at $2.1 billion

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Japan’s JFE Steel has applied for a government subsidy for decarbonization

The company is seeking funds to build a new large EAF to replace the blast furnace

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Japan seeks to improve protective measures against Chinese steel

The profile ministry will propose expanding the scope of anti-dumping duties

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Tokyo Steel and Stemcor launch enso green steel brand

This will contribute to maintaining and expanding the presence on the European market

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Japanese bank to provide a loan to Vale to secure iron ore supplies to the country

The loan is co-financed together with private financial institutions

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Asian steelmakers are considering investments in the US

The reasons are tariff barriers and a potential cross-border carbon tax

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