TOKYO — With its inventory worth struggling to rebound from a year-to-date low, efforts by Japanese steelmaker JFE Holdings to regain market confidence hinge on fast-growing Indian affiliate JSW Metal.
JFE inventory ended Tuesday down round 20% from the start of the yr at 1,832 yen. The corporate on Oct. 5 mentioned it anticipated a 4% enhance in group internet revenue this fiscal yr to 205 billion yen ($1.37 billion), downgrading its forecast by 15 billion yen.