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Japan - Latest news GMK Center

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

Investments in the project are estimated at $2.1 billion

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

Photo – Japan seeks to improve protective measures against Chinese steel
Japan seeks to improve protective measures against Chinese steel

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

Photo – Tokyo Steel and Stemcor launch enso green steel brand
Tokyo Steel and Stemcor launch enso green steel brand

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

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

Photo – Asian steelmakers are considering investments in the US
Asian steelmakers are considering investments in the US

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

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

Photo – Japanese steelmakers point to problematic issues regarding CBAM
Japanese steelmakers point to problematic issues regarding CBAM

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

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

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

The company successfully tested the technology at the Kakogawa plant

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

Photo – Japan’s industry groups criticize CBAM reporting
Japan’s industry groups criticize CBAM reporting

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

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