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Japan - Latest news GMK Center

Photo – JFE Steel to establish joint venture with India’s JSW worth $3.4 billion
JFE Steel to establish joint venture with India’s JSW worth $3.4 billion

The newly formed division will include the plant of JSW's subsidiary in Odisha

Photo – Japanese green steel
Japanese green steel

Decarbonization of the industry is receiving strong financial support from the government

Photo – Japan expects stable steel output volumes in the third quarter
Japan expects stable steel output volumes in the third quarter

Based on the results for the period, an outcome of 20.62 million t is expected

Photo – Honda plans to increase car production in the US amid tariffs
Honda plans to increase car production in the US amid tariffs

The company will look for a way to do this with minimal additional investment

Photo – Trump announces trade agreement with Japan
Trump announces trade agreement with Japan

US tariffs of 50% on steel and aluminum imports are not part of the agreement

Photo – Nippon Steel to raise $5.6 billion to finance deal with U.S. Steel
Nippon Steel to raise $5.6 billion to finance deal with U.S. Steel

The Japanese company will receive two subordinated loans to repay loans and partially finance the $14.9 billion deal

Photo – Japan’s Kobe Steel to cut investments in decarbonization
Japan’s Kobe Steel to cut investments in decarbonization

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

Photo – Nissan to close seven plants and cut 20 thousand jobs
Nissan to close seven plants and cut 20 thousand jobs

The Japanese manufacturer has presented a restructuring plan

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

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

Photo – Toyota to reduce steel prices for spare parts producers
Toyota to reduce steel prices for spare parts producers

The reduction will be approximately $101/t

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