en.Wedoany.com Reported - Nippon Steel Corp. (NSC) has submitted documents to Slovak government agencies, planning to install electric arc furnace (EAF) technology at its steel plant in Košice, Slovakia, to partially replace existing coal-intensive production processes.
When Nippon Steel acquired United States Steel Corp., headquartered in Pittsburgh, last year, it obtained the blast furnace/basic oxygen furnace (BOF) production base in Košice. The site currently has steelmaking equipment with an annual capacity of 4.5 million tons, including three blast furnaces and downstream hot-rolling and cold-rolling capacities, employing over 7,500 people, and serves as a dominant economic force in eastern Slovakia.
According to a report by the Slovak Spectator website, the plan submitted by NSC to authorities indicates that the electric arc furnace will adopt a process primarily driven by electricity and utilize recycled steel for production. The report cites Forbes, a U.S. business news outlet, as its source.
European steel manufacturers are under pressure to reduce carbon emissions to comply with legislation and policies related to the European Union's Carbon Border Adjustment Mechanism (CBAM). In its announcement last month regarding the Košice site, NSC stated that due to decarbonization trends and geopolitical uncertainties, Europe is undergoing major structural transformation with a high regional self-sufficiency rate. Therefore, the company believes it is important to capture growth demand as an internal player.
In the same announcement, NSC declared that it would separate the Košice site from United States Steel's management, establishing it as a core hub for European operations in its global strategy through direct ownership, to more directly engage in improving the profitability of European operations and accelerating growth.
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