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10 Feb
10:40

JFE revises up forecast on demand recovery

Japanese steelmaker JFE Holdings has improved its guidance for the fiscal year through March 2021 (FY20). Although Covid-19 has had a negative impact on the company's performance and uncertainties are still affecting performance, the steel industry recovery from the second half of 2020 has improved JFE's sentiment, Kallanish notes. JFE's steel production was down sharply in the fiscal first half. This was due to a decline in sales volumes as…
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