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JFE Holdings, Inc. (JFEEF)

Other OTC - Other OTC Delayed Price. Currency in USD
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11.21+0.31 (+2.84%)
As of 09:30AM EDT. Market open.
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  • Reuters

    Steelmaker JFE seeks product price hike of $230/T amid soaring material costs

    TOKYO (Reuters) -Japan's No.2 steelmaker, JFE Holdings Inc, is seeking to raise product prices by 30,000 yen ($230) a tonne in the April-June quarter or next to reflect soaring costs of raw materials and shipping charges, a top executive said on Friday. Masashi Terahata, JFE's executive vice president, told a news conference. JFE reported a net profit of 288.1 billion yen ($2.2 billion) for the year ended March 31, against a loss of 21.9 billion yen a year earlier, as higher steel product prices more than offset soaring prices of steel-making ingredients such as coking coal.