Brief: Jfe Executive - Us Tariffs Expected To Cut Our Crude Steel Output By About 500,000 Tons In Fy25/26

JFE Holdings

08/05/2025 07:59

May 8 (Reuters) - JFE Holdings Inc 5411.T:

JFE HOLDINGS EXECUTIVE: EXPECT OUR CRUDE STEEL OUTPUT TO DECLINE TO 21 MILLION TONS IN FY25/26 FROM 21.95 MILLION TONS IN FY24/25

JFE EXECUTIVE:  US TARIFFS EXPECTED TO CUT OUR CRUDE STEEL OUTPUT BY ABOUT 500,000 TONS IN FY25/26

JFE EXECUTIVE:  ACTUAL IMPACT OF US TARIFFS HAS NOT YET BEEN OBSERVED

JFE EXECUTIVE:  HOPE JAPANESE GOVERNMENT WILL ENGAGE IN TARIFF NEGOTIATIONS WITH THE US THAT PROMOTE FREE TRADE

JFE PRESIDENT:  AIMS TO CUT OUR DOMESTIC STEEL OUTPUT CAPACITY TO 21 MILLION TONS BY FY27/28 FROM 26 MILLION TONS NOW BY SUSPENDING 2 BLAST FURNACES

JFE PRESIDENT:  MAY FURTHER REDUCE DOMESTIC OUTPUT CAPACITY IN THE LONG TERM TO AROUND 20 MILLION TONS

JFE PRESIDENT:  AIM TO BOOST EARNINGS OVER NEXT 3 YEARS IN GROWTH MARKETS SUCH AS INDIA AND NORTH AMERICA

JFE PRESIDENT:  NO PLAN TO CUT PRODUCTION OF HIGH-GRADE STEEL, SUCH AS AUTOMOTIVE STEEL SHEETS AND UO-SHAPED PIPES, EVEN AFTER SUSPENSION OF A BLAST FURNACE

JFE PRESIDENT:  PLAN TO MAINTAIN EMPLOYMENT THROUGH REASSIGNMENTS DESPITE SUSPENSION OF BLAST FURNACES

Source text: [ID:]

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 (Reporting by Tokyo Newsroom)

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