Japanese steelmaker Kobe Steel is considering building an electric arc furnace to replace one of its two blast furnaces in Kakogawa, Japan, in line with its decarbonization strategy, according to a media report by Reuters. In the event of a positive decision, the furnace, which will produce high-grade steel products, will be built after 2030 and will contribute to the acceleration of the company’s decarbonization efforts.
Meanwhile, under its three-year plan unveiled on Monday, the company is planning on a JPY 300 billion ($1.92 billion) investment to reduce its carbon emissions in steelmaking and energy generation operations. However, Yoshihiko Katsukawa, CEO of Kobe Steel, stated that the actual spending will be made after March 2027.