TOKYO
(Reuters) - Japan's top steelmaker Nippon Steel Corp aims to join new raw
material development projects to make reduced iron, using hydrogen, to meet the
growing demand for green steel, its president said on Thursday.
But the company will keep investing in coking coal mines to
secure a key steel-making raw material as new development projects for the coal
have been shrinking due to concerns over climate change, Nippon Steel President
Eiji Hashimoto told a news conference.
Reduced iron is produced from a process where oxygen is removed
from the iron ore to make metallic iron without melting it.