The Japanese steel company Nippon Steel has released the details of its planned investments of $ 4 billion in a new steel plant with an electric shock (EAF) for its American subsidiary US STEEL, which, as expected, will begin in 2029.
according to local media, so Mori. Nippon Steel vice president and US Steel Chairman said that the plant will produce steel from scrap metal using two large electric shoes. The annual production capacity of the plant will be about 3 million tons of steel. Although the exact location has not yet been chosen, Mori confirmed that several states of the United States have expressed interest, and the decision will be made in the first half of the next year after assessing the availability of land and working conditions.
it is expected that after commissioning a new mill will create thousands of jobs in the selected state.
This new project is part of a wider investment plan of Nippon Steel for $ 11 billion. The company also introduces advanced technologies on its steel for steel forThe water in Arkansas, trying to produce high-quality electrical steel sheets for the automobile sector for one to two years.
In addition, Nippon Steel plans to spend $ 3.1 billion on the reconstruction of the largest Domain stove US Steel at the Gary Works plant in the Indiana. According to Mori, the general medium -term strategy for US Steel is in the completion stage and will be completed by September. The main attention will continue to be focused on modernizing and modernizing existing capacities.
Long -term production goals
looking into the future, Nippon Steel intends to increase the world production of steel, including US Steel, to 100 million tons over the next fifthly - 60 growth - 60 growth - 60 growth - 60 growth percent compared to current levels.
