Brief: JFE President - See Growth Potential In North America, India, Indonesia And Middle East

JFE Holdings

07/05/2024 08:20

May 7 (Reuters) - JFE Holdings Inc  5411.T :
    * JFE  PLANS TO PRODUCE 23.4 MILLION METRIC TONS OF CRUDE
STEEL IN
FY2024/25 ON PARENT BASIS, EXECUTIVE SAYS
    * JFE EXECUTIVE: IRON ORE PRICES ARE EXPECTED TO REMAIN AT
CURRENT
LEVELS IN FY24/25 DUE TO SLUGGISH STEEL DEMAND IN CHINA
    * JFE EXECUTIVE: EXPECT PRICES OF COKING COAL TO RISE IN
FY24/25
DUE TO SOLID STEEL DEMAND IN INDIA
    * JFE PRESIDENT: BOOSTING OVERSEAS EARNINGS IS NEEDED TO
ACHIEVE
OUR GOAL OF DOUBLING OUR PROFIT
    * JFE PRESIDENT: SEE GROWTH POTENTIAL IN NORTH AMERICA,
INDIA,
INDONESIA AND MIDDLE EAST
    * JFE PRESIDENT:   WANT TO CONSIDER AGGRESSIVE INVESTMENTS
IN
OVERSEAS
    * JFE PRESIDENT:  INVESTMENT IN HIGH-QUALITY COKING COAL
ASSETS
WILL ALSO BE NECESSARY

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 (Reporting by Satoshi Sugiyama)
 ((Satoshi.Sugiyama@thomsonreuters.com;))