The latest announcement is out from JFE Holdings ( (JP:5411) ).
JFE Holdings, through its subsidiary JFE Steel Corporation, announced the introduction of an advanced electric arc furnace at its Kurashiki facility, supported by a government grant. This initiative is part of a national project to achieve carbon-neutral steelmaking, with the furnace expected to start production in 2028. The project aligns with JFE’s commitment to sustainability and innovation, aiming to become a leading supplier of high-quality steel materials.
More about JFE Holdings
JFE Holdings, Inc. operates primarily in the steel industry, focusing on the production of high-quality steel products. Its subsidiary, JFE Steel Corporation, is involved in innovative steel manufacturing processes, aiming for carbon neutrality and sustainability. The company is actively engaged in projects that utilize advanced technologies to reduce carbon emissions, aligning with its environmental vision for 2050.
YTD Price Performance: 31.16%
Average Trading Volume: 970
Technical Sentiment Signal: Strong Sell
Current Market Cap: $6.44B
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