JFE Steel Expands Electrical Steel Sheet Capacity Amid EV Growth

---

Researched by Industrial Info Resources (Sugar Land, Texas)--JFE Steel Corporation (Chiba, Japan) is expanding the electrical steel sheet capacity at its Kurashiki Integrated Steel Mill, set to wrap up in April 2024. The company already is looking into a further expansion, targeted for April 2026.

The two expansions are expected to cost about 49 billion and 50 billion yen (US$388.3 million and US$375.7 million), respectively. The demand for high-grade, non-oriented electrical steel sheet products, which are used in the drive motors of electric vehicles (EVs), is expected to grow alongside tightening environmental regulations and demand for EVs.

Subscribers to Industrial Info's Global Market Intelligence (GMI) Metals & Minerals Project Database can learn more from detailed project reports on Phase I and Phase II, and a detailed plant profile.

Industrial Info is tracking about US$2.9 billion worth of JFE projects across Japan. Subscribers can click here for a full list.

Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).