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JFE Holdings Inc (5411.T)

5411.T on Tokyo Stock Exchange

2,223JPY
2:12am BST
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Thu, Apr 26 2018

UPDATE 1-Japan's JFE to spend $9 bln in three years, focus on plant upgrades

* JFE targets 280 bln bln in average annual recurring profit (Recasts with total investment plan and quotes)

Japan's JFE to focus on lighter steel in $6 billion upgrade, warns on U.S. trade policy

TOKYO JFE Holdings Inc, parent of Japan's second-biggest steelmaker, plans to spend more than 650 billion yen (£4.3 billion) over the next three years upgrading domestic production facilities in a bid to raise productivity and competitiveness.

INTERVIEW-Japan's JFE to focus on lighter steel in $6 bln upgrade, warns on U.S. trade policy

* Sees China demand solid in 2018, slower from next year (Recasts with strategy on lighter automotive steel)

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