TOKYO : JFE Steel, Japan's No. 2 steelmaker and a unit of JFE Holdings, said on Thursday it will invest 329.4 billion yen ($2.26 billion) to build a large, advanced electric arc furnace (EAF ...

Simple, long-lasting and cheaper upfront that other heating options, modern electric furnaces are descendants of the arc furnace ... Electrical Transformer: This lowers the incoming voltage ...