
JFE to spend $2.26 billion to build large electric arc furnace in Japan
TOKYO : JFE Steel, Japan's No. 2 steelmaker and a unit of JFE Holdings, said on Thursday it will invest 329.4 billion yen ($2.26 billion) to build a large, advanced electric arc furnace (EAF) at its Kurashiki plant in western Japan. The move is part of …