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JFE Holdings Inc (5411.T)

5411.T on Tokyo Stock Exchange

1,888JPY
6:00am GMT
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¥-24 (-1.23%)
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¥1,911
Open
¥1,932
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¥1,938
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¥1,881
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3,143,843
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¥2,721
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Tue, Oct 30 2018

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Japan's JFE, Kobe Steel cut profit outlook on glitches, higher costs

TOKYO Japanese steelmakers JFE Holdings and Kobe Steel cut their annual profit forecasts on Tuesday due to technical glitches at their plants and higher costs of electricity, distribution and subsidiary materials.

Japan's JFE, Kobe Steel cut profit outlook on glitches, higher costs

* JFE trims annual profit estimate by 10 bln yen to 250 bln yen

Japan steelmakers shrug off U.S. tariffs in earnings but warn on automobile duties

* Nippon Steel Q1 profit dips 19 pct, sees increase for full-year

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