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Nakayama Steel Works,Ltd. ( (JP:5408) ) has issued an announcement.
Nakayama Steel Works, Ltd. has announced a joint venture with Nippon Steel Corporation to construct a new electric furnace facility. This collaboration aims to increase the production capacity of electric furnace steel, which is more environmentally friendly due to lower CO2 emissions. The joint venture will be located at Nakayama’s Funamachi Plant, with the new facility expected to commence operations in 2030. This strategic move is part of Nakayama’s Medium-Term Management Plan to strengthen its market position by focusing on sustainable steel production.
More about Nakayama Steel Works,Ltd.
Nakayama Steel Works, Ltd. operates in the steel industry, focusing on the production of steel slabs and hot-rolled products. The company is committed to enhancing its electric furnace production system to meet the growing demand for environmentally friendly steel solutions.
Average Trading Volume: 266,187
Technical Sentiment Signal: Sell
Current Market Cap: Yen39.09B
For detailed information about 5408 stock, go to TipRanks’ Stock Analysis page.