🇯🇵🏭🌍 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
6,858
1
本页面内容由第三方提供。除非另有说明，欧易不是所引用文章的作者，也不对此类材料主张任何版权。该内容仅供参考，并不代表欧易观点，不作为任何形式的认可，也不应被视为投资建议或购买或出售数字资产的招揽。在使用生成式人工智能提供摘要或其他信息的情况下，此类人工智能生成的内容可能不准确或不一致。请阅读链接文章，了解更多详情和信息。欧易不对第三方网站上的内容负责。包含稳定币、NFTs 等在内的数字资产涉及较高程度的风险，其价值可能会产生较大波动。请根据自身财务状况，仔细考虑交易或持有数字资产是否适合您。