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Japanese Steelmaker Eyes Hefty Capital Investments
02/14/2018 - The corporate parent of Japan’s JFE Steel Corp. plans to invest the equivalent of US$6 billion in upgrades to its mills over the next three years, JFE president Eiji Hayashida tells the Reuters news service.
“We’ve spent a bit more than 650 billion yen in the past three years on domestic facilities, and we will need to do it again for the next (few) years, which would give us a very competitive foundation,” Hayashida told Reuters.
Reuters has more here.
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