Tag: JFE Holdings
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JFE to cut 13% steel capacity by March 2024, predicts record loss – ET Auto
JEE slashed its full-year earnings forecast, predicting a record $1.75 billion in net loss. TOKYO: JFE Holdings Inc, Japan’s second-biggest steelmaker, said on Friday it would cut its steel capacity by 13% by shutting a blast furnace by March 2024 due to weakening demand from manufacturers hit by the U.S.-China trade war. “We are facing
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