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Market Chatter: JFE Targets India, US Growth Amid Rising Raw Material Costs

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JFE (TYO:5411) is expanding into high-growth markets like India and the U.S., while implementing strategic price hikes to offset rising raw material costs, Nikkei Asia reported on Friday, citing CFO Toshihiro Tanaka in a recent interview.

The company expects its Indian joint-venture subsidiary, Bhushan Power & Steel to contribute about 10 billion yen to net profit in the coming fiscal year, the report said.

In the U.S., JFE plans to deepen its collaboration with Nucor, particularly in premium steel grades, to capture stronger returns, the publication said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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