Through the acquisition of G Steel PCL and G J Steel PCL, Nippon will curb its reliance on blast furnaces that use coking coal and emit CO₂. The deal will also help the company expand its overseas presence and secure ironmaking facilities in growing markets.
 
"Our aim is to become an insider as a local integrated steel mill in Thailand and capture growing demand for hot-rolled steel sheets," Takahiro Mori, executive vice president at Nippon Steel, said in a news briefing.
 
The deal will raise Nippon Steel’s global steelmaking capacity to 69 million metric tons.
 
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