Japan's Osaka Steel to set up environmentally friendly EAF at Sakai plant

Japan-based steelmaker Osaka Steel, a subsidiary of Nippon Steel, has announced that it will make an investment of about JPY 8.7 billion ($59.02 million) to install a new electric arc furnace at its Sakai plant, aiming to save energy and cut its carbon footprint. The electric arc furnace, which is called EcoArc-light, will be supplied by Japanese engineering company Steel Plantech, and will enable Osaka Steel to increase cost competitiveness and reduce carbon emissions and waste. EcoArc-light is expected to be commissioned by 2025.