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Nippon Steel Set to Appoint Tadashi Imai as President in Green Shift

Imai's leadership in electric arc furnace project central to Nippon Steel's decarbonization strategy
Japan
n 5401.TSE Blue Chip 150
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Nippon Steel, a leading global steel manufacturer, is nearing the final stages of appointing Executive Vice President Tadashi Imai as its new president this April. This move reflects the company’s intensified focus on environmental sustainability and international expansion.

Imai, recognized for his extensive technical expertise, currently spearheads Nippon Steel’s electric arc furnace project. This initiative is critical for transitioning away from traditional blast furnaces, thereby reducing the carbon footprint in a sector known for its high emissions. His hands-on experience, including a significant tenure as the chief of the Nagoya steelworks, has equipped him with deep insights into the industry’s operational intricacies.

In his new role, Imai, 60, will be responsible for accelerating the development of innovative carbon reduction technologies. His agenda includes not only the advancement of electric furnace projects but also the exploration of hydrogen steelmaking technology, showcasing Nippon Steel’s commitment to a greener future.

Imai is set to succeed Eiji Hashimoto, who will take on the role of chairman. Under Hashimoto’s leadership since April 2019, Nippon Steel has undergone significant structural reforms and implemented major price increases on steel products. These strategies have contributed to a record-high net profit for the company in fiscal 2022.

Hashimoto has also prioritized international growth, highlighted by the recent announcement of a $14 billion acquisition of U.S. Steel. Imai’s upcoming presidency is expected to build upon these foundations, steering Nippon Steel towards a more sustainable and globally competitive future.

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