JFE Holdings, Japan s second-biggest steelmaker, posted a 13.2% rise in nine-month net profit on Tuesday, thanks to higher prices and lower fixed costs due to a restructuring..
Japan's biggest steelmakers have warned they will push for more price hikes, intensifying inflationary pressures in a nation where carmakers to machinery industries are already grappling with surging costs.
Japan's biggest steelmakers have warned they will push for more price hikes, intensifying inflationary pressures in a nation where carmakers to machinery industries are already grappling with surging costs.
TOKYO: Japanese steelmakers are on track for a V-shaped annual profit recovery from the pandemic-induced slump, as solid global demand boosts prices while higher prices of iron ore and coking coal drive hefty inventory appraisal gains.
Japan's second-biggest steelmaker, JFE Holdings, on Thursday (Aug 12) n