🇯🇵🏭🌍 JFE Plans $2.8B Global Push, Slashes Japan Steel Capacity Amid Tariff, China Pressures 🔹 Summary: Japan’s JFE Holdings will invest ¥400 billion ($2.8 billion) overseas over three years, focusing on India, North America, and the Middle East, while cutting domestic steel capacity by nearly 20% to offset weak local demand and China’s export pressure. The company plans to suspend two blast furnaces and pivot toward a leaner domestic structure with global growth ambitions, as it faces shrinking profits and rising risks from U.S. tariffs. 🔹 Key Points: • Domestic steel production to drop from 26M to 21M metric tons by March 2028, with possible long-term cuts to ~20M tons. • Investments target expansion with India’s JSW Steel, North America’s Nucor, and raw material acquisitions abroad. • Profit goal: ¥700B from steel by fiscal 2035, up from ¥216B last year. • FY March 31 net profit fell 54% to ¥91.9B; current-year profit forecast down another 18%. • U.S. tariffs pose major risks for JFE’s auto and construction machinery export sectors. @CMEActiveTrader Tickers Of Interest: $6J $CL $HG $NQ $ES Tickers Of Interest: $JFE $NUE $X $USD $JPY $SPY $NKY $FXY $SLX