JFE to cut 13% steel capacity by March 2024, predicts record loss – ET Auto

on March 28, 2020

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 [...]