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Asia
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With its “Super COURSE50” technology brand, Nippon Steel claims to use hydrogen injection and carbon capture to reduce climate-harming emissions from its steel plants.
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SteelWatch statement on Nippon Steel and JFE Steel jointly investing USD$1.08 billion in Whitehaven Coal’s Blackwater coal mine in Australia.
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(Updated on June 26, 2024) Tokyo, Japan, 24 June, 2024 - World number four steel producer, Nippon Steel, faced three resolutions from investors to reform its climate change policies at its 2024 annual general meeting on Friday, showing its inadequate plans are under increased scrutiny.
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World number four steel producer, Nippon Steel, is failing to meet international standards and falling behind its competitors on climate action, due to its focus on coal-based steelmaking.
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With the weak yen increasing profits from sales abroad, Japanese automobile companies are expected to perform well this financial year. Toyota, Honda, and Suzuki are likely to report their highest profits in years come March. However, an economist warns that Toyota’s current business model hinges on 'residual profit.' Moreover, the latest international auto makers’ evaluation rates Japanese companies against their intentional rivals and showing how they lag.
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Japanese banks, including Mitsubishi UFJ Financial, Mizuho Financial, SMBC Group, and Sumitomo Mitsui Trust, have provided more than USD 66 billion to the 50 biggest companies developing metallurgical coal projects for steel production outside of China.
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Description: This commentary is elaborated based on the article published in Japanese on 9 January, 2024. Nippon Steel Corporation’s acquisition of US Steel in the final…
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Slide presentation from the SteelWatch launch and findings from the debut report "Sunsetting Coal in Steel Production". Presented on July 11, 2023 in an online…
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It is exciting to launch SteelWatch. But why SteelWatch? Why do we exist? The reasons for SteelWatch to exist are worrisome, galvanising, and among the best-hidden secrets in the climate change space.
