Maharashtra clears 937 hectares for Gadchiroli steel expansion Steel stock surges 29% in just two days Steel output rises 14% to 9.25 MT Infrastructure boom fuels India’s steel consumption
Nippon Steel has started its transition from blast furnace production to electric arc furnace operations at its Kyushu Works facility, marking a major step in the company’s decarbonization roadmap. The project highlights the growing global shift toward lower-emission steelmaking and cleaner production technologies.
The new EAF is designed with an annual capacity of about 2 million tons and is expected to begin production in the first half of fiscal 2028/2029. Nippon Steel is positioning the project as a first-of-its-kind integrated setup for mass production of high-quality steel using a large-scale electric arc furnace, backed by secondary refining and continuous casting facilities.
Total investment in the Kyushu Works transition stands at 630.2 billion yen, or about $3.97 billion, while government support may reach up to 179.9 billion yen. The move reflects Nippon Steel’s broader strategy to modernize operations, reduce carbon intensity, and strengthen long-term competitiveness in premium steel production.
Also Read : Iron ore consolidates as traders ponder demand outlook Japan FY2025 Crude Steel Output Falls to Lowest Since 1968
India’s top carmaker Maruti Suzuki will invest 350 billion rupees ($4.2 billion) to set up a s...
Large Corporate 10-Jan-2024
The Rajasthan Department of Mines and Geology has devised a revenue-generating strategy for FY25. Ac...
Notification 16-Apr-2024
Steel Exchange India is navigating a turbulent phase as ongoing market volatility continues to impac...
Business 27-Feb-2025
The Competition Commission of India (CCI) has approved Minda Corporation Ltd (Minda) to acquire up t...
Small Enterprises 21-Feb-2024
Assam's finance minister, Ajanta Neog, unveiled the state's ₹774.47 cr deficit budget for the 2024&n...
Notification 13-Feb-2024
India’s finished-steel imports declined by 34.1% year-on-year during April–October of FY...
Construction 25-Nov-2025