JFE Holdings May Invest in Vale, Posco Brazil Steel Plant

JFE Holdings Inc. (5411) may invest in a steel plant in Brazil to be built by Vale SA (VALE3), Posco (005490) and Dongkuk Steel Mill Co.

The Japanese steelmaker is considering dropping a separate plan announced in 2008 to build a plant with Vale and Dongkuk, according to a statement to the Tokyo Stock Exchange today.

To contact the reporter on this story: Go Onomitsu in Tokyo at gonomitsu@bloomberg.net

To contact the editor responsible for this story: Gearoid Reidy at greidy1@bloomberg.net

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