News: JFE Holdings Inc (5411.T)

5411.T on Tokyo Stock Exchange

2,175JPY
2:00am EDT
Price Change (% chg)

¥24 (+1.14%)
Prev Close
¥2,150
Open
¥2,167
Day's High
¥2,182
Day's Low
¥2,164
Volume
3,076,300
Avg. Vol
3,125,332
52-wk High
¥2,802
52-wk Low
¥1,785

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Wed, Jul 30 2014

UPDATE 1-JFE sees 4 pct profit rise in current year, books loss on coal mines

TOKYO, July 30 - JFE Holdings Inc, Japan's No.2 steelmaker, forecast a 3.6 percent rise in recurring profit for the fiscal year through March on higher margins, though it booked a loss on the sale of a stake in its Australian coal mines, hit by coal prices at near five-year lows.

UPDATE 1-Japan's JFE eyes 5 pct boost in crude steel output in 2014/15

* Recurring profit in 2013/14 grew more than three-fold (Adds quotes)

Rising imports could spoil party for Japanese steelmakers

TOKYO/SINGAPORE, March 6 - A spike in Japan's steel imports threatens to arrest a nascent recovery in domestic prices of the alloy and crimp profits at the nation's steelmakers, while offering other Asian producers opportunities to unload their surplus output.

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