Edition:
India

Jfe Exec Says Aims To Raise Steel Product Prices By 2,000 Yen Per Tonne In April-September


Thursday, 26 Apr 2018 

April 26 (Reuters) - JFE Holdings Inc <5411.T>::JFE HOLDINGS SAYS PLANS A TOTAL OF 1 TRILLION YEN ($9.15 BILLION) INVESTMENT OVER NEXT 3 YEARS.JFE HOLDINGS SAYS 900 BILLION YEN OUT OF 1 TRILLION YEN SPENDING PLAN WILL BE USED FOR DOMESTIC CAPEX.JFE SAYS AIMS TO BOOST RECURRING PROFIT TO 280 BILLION YEN IN NEXT 3 YEARS VERSUS 216.3 BILLION YEN IN FY2017/18.JFE EXEC SAYS NEW US TARIFFS ON STEEL HAVE NOT AFFECTED ITS EXPORTS TO US MARKET.JFE EXEC SAYS AIMS TO BOOST CRUDE STEEL OUTPUT TO AROUND 29 MILLION TONNES IN FY2018/19 ON PARENT BASIS VERSUS 28.46 MILLION TONNES A YEAR EARLIER.JFE EXEC SAYS AIMS TO RAISE STEEL PRODUCT PRICES BY 2,000 YEN PER TONNE IN APRIL-SEPTEMBER. 

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