9,374.20 TL BIST 100 BIST 100
31.10 $ USD USD
€33.71 EUR EUR
26,590.00 TL Interest Interest
81.25 $ Fossil Oil Fossil Oil
22.84 $ Silver Silver
3.88 $ Copper Copper
118.72 $ Iron Ore Iron Ore
394.00 $ Ship Dismantling Ship Dismantling
2,032.54 TL Gold (gr) Gold (gr)

Nippon Steel intends to spend $700 million on "Green Steel" project

Nippon Steel is considering making a significant investment in a hydrogen-powered green steel project as efforts to decarburize one of the most polluting sectors in the world gather traction.

Nippon Steel intends to spend $700 million on "Green Steel" project

Takahiro Mori, executive vice president in charge of global operations, claims that Nippon Steel Corp. is considering a project outside of its home market that might cost up to ¥100 billion ($733 million). According to him, Australia and Brazil are two potential locations with access to high-quality iron ore and power at lower costs than Japan.

We can't avoid taking steps to become carbon neutral, Maury added. We are evaluating many projects right now to see whether anything satisfies the requirements for creating or funding green steel.


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

India's steel exports soar amid EU demand and global trends

Monday, February 26, 2024

Scrap prices in Taiwan fall due to global market shifts

Monday, February 26, 2024

Major Merger in Pakistan's Steel Sector

Monday, February 26, 2024

26th February Türkiye wire mesh prices are announced

Monday, February 26, 2024

ÇEMTAŞ aims to reduce carbon emissions by 26% by the end of 2024

Monday, February 26, 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