• Bloomberg


JFE Steel Corp., Japan’s second-biggest steelmaker, will spend ¥250 billion to increase production and cut carbon emissions.

About ¥150 billion will be spent on steel processing machinery in Japan and the remainder on carbon-reduction equipment, the company said Wednesday at a press briefing in Tokyo. Annual capacity will increase by 3 million tons to 33 million tons by March 2009, the company said.

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