The company’s vice president, Takahiro Mori, stated in an interview that they aim to narrow down the list of candidate sites by next summer and make the final decision on the location for the United States Steel Corp. subsidiary by the end of 2026.
After acquiring US Steel in June, Nippon Steel plans to build two electric furnaces, mostly using scrap steel, with an investment of 4 USD billion. The total annual capacity of the two furnaces at the new plant is expected to reach approximately 3 million tons of crude steel.
Mori emphasized that when selecting the site, factors such as land, electricity, rail and road networks, as well as human resources and policies, will be taken into account.
He added that after conveying Nippon Steel’s requirements, several states showed interest, and conditions such as steel demand in neighboring areas and ease of material supply will also be considered when narrowing down the candidate sites.
Comments
No comment yet.