9,344.97 TL BIST 100 BIST 100
30.97 $ USD USD
€33.45 EUR EUR
43.24 TL Interest Interest
82.70 $ Fossil Oil Fossil Oil
23.17 $ Silver Silver
3.87 $ Copper Copper
119.59 $ Iron Ore Iron Ore
398.00 $ Ship Dismantling Ship Dismantling
43.24 TL Gold (gr) Gold (gr)

JFE Steel plans to reduce coal consumption

Japan's company JFE Steel is considering reducing its consumption of coking coal as it prepares to increase production and use recycled fuels in the steelmaking process from October 2024.

JFE Steel plans to reduce coal consumption

The company aims to establish a plastic recycling plant with an annual capacity of 60,000 tons at the Keihin complex in Kanagawa prefecture in eastern Japan. This move follows the permanent closure of upstream processes and hot rolling operations in September. JFE Steel, in cooperation with JFE group companies, plans to invest ¥6.75 billion (equivalent to $45 million) in the construction of the plant and aims to produce 60,000 tons of plastic pellets annually by purchasing plastic packaging and industrial waste.

This strategic shift could lead to a 60,000 tonnes per year reduction in JFE Steel's consumption of coking coal for steelmaking. The company currently uses approximately 1.8 million tonnes of coking coal annually, while consuming 45,000 tonnes of recycled plastic.


No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Fluctuating prices witnessed in the Far East iron and steel market

Wednesday, February 21, 2024

Pakistan's scrap imports increased

Wednesday, February 21, 2024

In December 2023, the US section beams exports decreased

Wednesday, February 21, 2024

SMS Group and Hasçelik launched a strategic partnership

Wednesday, February 21, 2024

Ferroalloy production in Ukraine fell by 57% in 2023

Wednesday, February 21, 2024
Follow List
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.

There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now