Japanese steel company JFE Holdings Co. announced consolidated financial results for the first half ended September 30, 2025-26 fiscal year.
In the period, the company recorded a net profit of 28.36 billion yen ($184.79 million), compared with a net profit of 43.20 billion yen in the same period of the previous fiscal year, while sales revenue amounted to 2.23 trillion yen ($184.79 million). 14.54 billion), down 8.9 percent year-on-year.
Meanwhile, in the first half of the year, JFE Steel's consolidated steel production fell 2.3 percent year-on-year to 11.42 million tons, while its supplies stood at 9.53 million tons, down 1.3 percent year-on-year According to the company, the imbalance in supply and demand caused by China's overproduction and massive exports, as well as declining market conditions, is spreading to countries and regions around the world. Consequently, JFE Steel expects domestic and international trade to decline.
The company expects sales revenue of 4.6 trillion yen for the full fiscal year. Moreover, crude steel production forecast for the full financial year is around 21.50 million tonnes
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