TOKYO : JFE Steel, Japan's No.2 steelmaker, is considering building a new electric arc furnace (EAF) to replace the No.2 blast furnace at its Kurashiki plant in western Japan to reduce its carbon dioxide (CO2) emissions, a company spokesperson said on Monday.The move comes as steelmakers around the world
TOKYO : JFE Steel, Japan's No.2 steelmaker, is considering building a new electric arc furnace to replace the No.2 blast furnace at its Kurashiki plant in western Japan to reduce its carbon dioxide emissions, a company spokesperson said on Monday.
JFE Steel is studying the possibility of constructing an EAF that can cut CO2 emissions to a quarter of those of a blast furnace sometime between 2027 and 2030 when the No.2 unit is due for refurbishment, the spokesperson said.JFE Steel, a unit of JFE Holdings Inc, has eight blast furnaces in Japan, including three at Kurashiki, but it is scheduled to shut one in eastern Japan by March 2024.
Japanese steelmakers, including Nippon Steel Corp, have been trimming capacity as they confront a period of waning demand as Japan's population declines and because of growing competition from the world's largest producer, China.
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