Nippon Steel decided to invest approximately €900 million to build a new electric arc furnace and oxygen plant at its European operations. Eltes launched a new service that provides advertising operations support on ChatGPT, while Adways expanded its outbound support for overseas expansion.
Nippon Steel decided to invest approximately €900 million to build a new electric arc furnace and oxygen plant at its US Steel Slovakia operations in Europe. It signed a subsidy agreement with the Slovak government and will receive a €350 million subsidy from the EU Modernisation Fund. The new electric arc furnace will have annual production capacity of approximately 1.6 million tonnes and is expected to begin operations in 2030.
Nippon Steel's acquisition of US Steel Slovakia is scheduled to be completed on 1 September, after which the company will be changed from US Steel Slovakia to Nippon Steel Slovakia. In combination with its existing blast furnaces, Nippon Steel aims to ensure a stable supply of high-quality steel products and reduce CO2 emissions.
Eltes rebounded as of noon. The company announced a new service supporting advertising operations on the generative AI tool ChatGPT, handling everything from strategy development, creative design, ad submission and operational optimization through to performance measurement.
Adways remained firm as of noon. The company expanded its outbound marketing support using culturalization methods for the overseas promotion of domestic gaming companies, and presented empirical data indicating a substantial increase in user acquisition.