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Japan
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A key missing driver for green steel in Japan are signals from steel buyers that they are willing to pay more for low-emissions steel. As a major steel buyer, the Japanese government could help drive market formation and encourage investment in low-emissions steelmaking technologies through green purchasing.
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Tokyo, 3 October, 2024 - Japan’s largest banks, including Mizuho, Sumitomo Mitsui Bank Corporations (SMBC), Mitsubishi UFJ, and Japan Bank of International Cooperation (JBIC), continue…
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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…
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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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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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This year’s G7 could accelerate the global transition to low-emissions steelmaking but host country Japan remains stubbornly focused on prolonging the use of fossil-based infrastructure.
