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AmextaFinance > Investing > JFE Holdings Shares Jump After It Forecasts Profit Increase on Demand Recovery
Investing

JFE Holdings Shares Jump After It Forecasts Profit Increase on Demand Recovery

News Room
Last updated: 2023/05/09 at 8:50 PM
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By Kosaku Narioka

JFE Holdings’ shares rose sharply on Tuesday morning after the Japanese steel maker projected a 17% increase in net profit this fiscal year, thanks to a recovery in steel demand.

The shares were recently 14% higher at 1,859 yen after rising as much as 15% earlier.

JFE…

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News Room May 9, 2023 May 9, 2023
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