Japan-based steelmaker Aichi Steel has announced that it will invest JPY 1 billion ($7.59 million) to renovate its electric arc furnace.
With the renovation, the company’s stainless steel production capacity will increase by 40 percent to an annual 90,000 mt by 2026.
The renovation works will also result in quality improvement, energy loss and carbon emission reduction.
I graduated from the Department of English Language and Literature at Kocaeli University. Since 2020, I have been producing content focused on the steel industry. At SteelOrbis, I write industry news on a wide range of topics, including EU and UK trade measures, regulatory changes, quota utilization, and the statements and views of organizations representing the Turkish steel sector.
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