Kobe Steel announces the possibility of building new electric arc furnace to accelerate decarbonization 

Kobe Steel, the Japanese steelmaking company, said it will consider building a new large electric arc furnace to reduce carbon dioxide emissions. The new furnace would replace one of Kobe Steel’s two blast furnaces in western Japan’s Kakogawa. 

“We will consider an introduction of a large innovative electric arc furnace which can make high-end steel products, although it will be done after 2030,” President Yoshihiko Katsukawa told reporters and analysts as per Reuters.