Japan

The loan is co-financed together with private financial institutions

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

The deal was unanimously approved by the NSC Board of Directors and the U.S. Steel

One of the caveats is the large volume of data required by the European reporting system

The EAF will replace the blast furnace at the company's Kurasiki plant

The company successfully tested the technology at the Kakogawa plant

This is due to the reduction of domestic demand and the growth of competition from China

Industrialists are concerned that this could lead to the disclosure of confidential information

The mechanism requires data from importers that is not requested from European steel producers

The ban will come into effect on April 7, 2023

In April-September 2022, the company reduced steel production by 15.8% y/y