[SMM Stainless Steel Flash] JFE Steel Launches New Electric Furnace to Boost Low-Carbon Stainless Production

Published: May 7, 2026 09:22
JFE Steel commenced operations of its new electric furnace at the Chiba District of East Japan Works. The 15-billion-yen facility is designed to significantly increase scrap metal utilization in stainless steel production, replacing blast furnace molten iron. The upgrade expands JFE’s scrap melting capacity sixfold to 300,000 tons per year, which is expected to slash annual greenhouse gas emissions by approximately 450,000 tons. This project represents a pivotal step in JFE Steel's roadmap toward achieving carbon neutrality by 2030 through innovative, low-carbon manufacturing processes.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
SMM #1 Refined Nickel Prices Drop by 5,050 Yuan/mt, Spot Premiums Decline
8 mins ago
SMM #1 Refined Nickel Prices Drop by 5,050 Yuan/mt, Spot Premiums Decline
Read More
SMM #1 Refined Nickel Prices Drop by 5,050 Yuan/mt, Spot Premiums Decline
SMM #1 Refined Nickel Prices Drop by 5,050 Yuan/mt, Spot Premiums Decline
On May 7, SMM #1 refined nickel prices fell by 5,050 yuan/mt from the previous trading day. Spot premiums: Jinchuan #1 refined nickel averaged 1,150 yuan/mt, down 100 yuan/mt from the previous trading day; mainstream domestic electrodeposited nickel brands ranged from -800-200 yuan/mt.
8 mins ago
US ADP Employment Adds 109,000 Jobs in April, Exceeding Expectations
8 mins ago
US ADP Employment Adds 109,000 Jobs in April, Exceeding Expectations
Read More
US ADP Employment Adds 109,000 Jobs in April, Exceeding Expectations
US ADP Employment Adds 109,000 Jobs in April, Exceeding Expectations
The US ADP employment data for April recorded 109,000 new jobs, slightly above expectations of 99,000, while the previous value was revised down from 62,000 to 61,000.
8 mins ago
[SMM Flash News] Indonesia to Implement Windfall Profit Tax and Export Duties on Nickel Soon
1 hour ago
[SMM Flash News] Indonesia to Implement Windfall Profit Tax and Export Duties on Nickel Soon
Read More
[SMM Flash News] Indonesia to Implement Windfall Profit Tax and Export Duties on Nickel Soon
[SMM Flash News] Indonesia to Implement Windfall Profit Tax and Export Duties on Nickel Soon
Indonesian Finance Minister Purbaya Yudhi Sadewa has announced plans to implement a windfall profit tax and export duties specifically targeting the nickel sector to compensate for rising energy subsidies amid global oil price volatility. While the policy is currently under discussion with the Ministry of Energy and Mineral Resources (ESDM), the government intends to offset these additional costs by providing strategic incentives for domestic downstream industries, particularly battery manufacturing, to ensure high domestic demand and promote the use of local raw materials.
1 hour ago