Nippon Steel to invest $1.55 billion in electrical steel sheet capacity

Nippon Steel is investing approximately JPY 213 billion ($1.55 billion) at its Setouchi Works and Kyushu Works to increase non-oriented electrical steel sheet production capacity for eco-friendly cars. The investment will be fully effective by the first half of fiscal year 2027, with capacity expected to become about five times the current level.

“The investments will be fully effective by the first half of the fiscal year 2027, with non-oriented electrical steel sheet manufacturing capacity for eco-friendly cars expected to become about five times the current capacity.”steelorbis.com

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• steelorbis.comNippon Steel to increase non-oriented electrical steel sheet output capacityDamla TükenmezMay 18, 2023

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