09
Feb
13:34
JFE returns to profit, tightens CO2 reduction target
Major Japanese steelmaker JFE Group increased revenue in the nine months through December 2021 by 33.6% on-year to JPY 3.097 trillion ($26.8 billion). It also says it will deepen its CO2 reduction target by 2030.
Nine-month profit was JPY 225.12 billion, compared with the JPY 67.21 billion loss in April-December 2020. Crude steel production in the December quarter was 6.85 million tonnes. This means JFE has to produce 7.16mt in the March quarter to hit its 27.4mt …
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Anonymous
Very good overview of the weekly steel market.
Anonymous