Nippon Steel, a major player in the steel industry, is investing significantly in reshaping its steelmaking process by constructing three new electric arc furnaces in Japan. This ¥868.7 billion investment, supported by ¥251.4 billion in government aid, aims to increase annual steel production by 2.9 million tons by fiscal year 2029. The company's shift towards electric arc furnaces is a part of its strategy to decarbonize steel production and align with global climate goals, focusing on green steel technologies like hydrogen-based DRI production. Nippon Steel's commitment to carbon neutrality includes a 30% CO₂ reduction by 2030 and net-zero emissions by 2050. Moreover, their partnership with U.S. Steel, endorsed by former President Trump, emphasizes job creation, economic benefits, and modernization efforts in U.S. steel plants. Nippon Steel's initiatives extend to reducing emissions through blast furnace slag in cement production and tapping into blue carbon credits via seaweed forest projects, showcasing a comprehensive approach to environmental sustainability.