JFE Counts on China Steel Cuts for Second-Half Recovery

Updated on
  • President says Chinese steel mills need to stem losses
  • Impact of yuan devaluation less of a factor in JFE's thinking

JFE Holdings Inc., Japan’s second-biggest steel producer, is sticking to its forecast that prices will recover in the second half, in the belief that Chinese mills currently flooding the world market will have to cut output to stem losses.

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