Japan’s Aichi Steel aims to increase stainless steel production capacity by 2026
According to a news release from Aichi Steel, a Japanese steel manufacturer, it will invest approximately 1 billion yen to renovate the furnace frame and control system at its No. 1 50-ton stainless steel electric furnace at the first step of the planned three steps.
As a part of the 2030 prospect, Aichi Steel aimed to increase the production capacity of stainless steel by 40% or 90,000 tons compared to 2019’s level by 2026 in order to meet the growing demand for realizing a hydrogen society.
