JFE Steel Corporation announced today that its JGreeX^™ green steel will be used as a civil engineering and construction material for a large logistics facility, Logicross Nam Thuan, being built by Mitsubishi Estate Co., Ltd. in Long An Province near Ho Chi Minh City, Vietnam. This will be the first use of JGreeX^™ hot-rolled steel sheets (black plate) outside of Japan. Toyota Tsusho Corporation will supply the JGreeX^™ black plate to Maruichi Sun Steel Joint Stock Company (Sunsco) in Vietnam.

In line with carbon-neutrality efforts that are accelerating in various fields worldwide, Mitsubishi Estate has set medium- to long-term targets for reducing its greenhouse gas emissions and is now implementing related initiatives in its operations. In this context, the company has decided to use JFE Steel’s reduced-impact material for the construction of its new warehouse, recognizing the environmental value of JGreeX^™, which significantly reduces CO₂ emissions in the steelmaking process.

JFE Steel uses the mass-balance approach to allocate emission reductions to specific JGreeX^™ green-steel products. In accordance with Japan Iron and Steel Federation guidelines, JFE Steel allocates the environmental value of CO₂ emission reductions achieved across an entire manufacturing process to specific steel products, which are then considered to have low CO₂ emission intensity.

Going forward, JFE Steel is committed to contributing to global decarbonization by expanding its supply of eco-friendly products that reduce CO₂ emissions and by promoting increased sales of JGreeX^™.

About Maruichi Sun Steel Joint Stock Company (SUNSCO)

Established:	1996
Location:	DT743 Road, Dong Tac Quarter, Tan Dong Hiep Ward, Di An City, Binh Duong Province, Viet Nam
President:	Masaru Nakahori
Capital:	130 million USD
Shareholders:	Maruichi Steel tube Ltd. (82.27%), Toyota Tsusho Corporation (9.73%), and JFE Steel Corporation (8%)
Business:	Manufacture and sale of galvanized steel sheets, colored steel sheets, steel pipes, etc.

About JFE Steel Corporation

JFE Steel Corporation, one of the world’s leading integrated steel producers, was established through the consolidation of NKK Corporation and Kawasaki Steel Corporation in 2003. The company operates several steelworks in Japan and numerous branch offices and affiliates throughout the world. JFE Steel leverages world-class technologies and know-how to produce a wide range of products based on its “Only One, Number One” strategy of focusing on unique and best-in-class products. The company reported consolidated sales of 2,255 billion yen and consolidated crude steel output of 23.96 million tons in the fiscal year ended March 2021.

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