Tokyo Steel and Stemcor launch enso green steel brand

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

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

Asian steelmakers are considering investments in the US

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

Japan’s Nippon Steel to acquire U.S. Steel for $14.9 billion

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

Japanese steelmakers point to problematic issues regarding CBAM

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

Japan’s JFE Steel plans to build a large-scale electric arc furnace in 2027

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

Kobe Steel managed to reduce carbon emissions by 25% in a large blast furnace

The company successfully tested the technology at the Kakogawa plant

Japan’s JFE Steel stopped blast furnace production at the Keihin steel plant

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

Japan’s industry groups criticize CBAM reporting

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

Japan’s steelmakers have comments on European CBAM

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

Japan bans steel exports to the Russian Federation

The ban will come into effect on April 7, 2023

Nippon Steel increased sales by 26% in the first half of the FY2022-2023

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