Brief: Jfe Holdings Executive - We Hope Free And Open Trade, As Well As International Order, Will Be Maintained Regardless Of Outcome Of U.S. Presidential Election

JFE Holdings

06/11/2024 07:26

Nov 6 (Reuters) - JFE Holdings Inc  5411.T :
    * JFE HOLDINGS EXECUTIVE:  WE HOPE FREE AND OPEN TRADE, AS
WELL AS
INTERNATIONAL ORDER, WILL BE MAINTAINED REGARDLESS OF OUTCOME OF
U.S. PRESIDENTIAL ELECTION
    * JFE HOLDINGS EXECUTIVE:  WE DON’T KNOW HOW U.S. ELECTION
OUTCOME
WILL DIRECTLY IMPACT FOREIGN EXCHANGE RATE, BUT WE ARE CONCERNED
IT MAY LEAD TO INSTABILITY IN FX RATE
    * JFE HOLDINGS EXECUTIVE:   WE ARE FEELING A SENSE OF CRISIS
AS
CHINA’S HIGH LEVELS OF STEEL PRODUCTION AND EXPORTS REMAIN
UNCHANGED
    * JFE HOLDINGS EXECUTIVE:  AS A SHAREHOLDER OF INDIA’S JSW,
WE
WELCOME JSW’S GROWTH AND BUSINESS EXPANSION THROUGH THEIR
ALLIANCE WITH SOUTH KOREA’S POSCO
    * JFE HOLDINGS EXECUTIVE:  WE ARE ALSO CONSIDERING VARIOUS
WAYS TO
COLLABORATE FURTHER WITH JSW

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