Output Cutsends Jfe Shares Tumbling
Output cutsends JFE shares tumbling
JFE Holdings Inc, the world's third-largest steel maker, led declines among steel makers in Tokyo trading yesterday as it announced a cut in production due to falling demand.
The shares tumbled 5.7 percent to 2,335 yen (US$25.8) on the Tokyo Stock Exchange, the second-largest drop in Japan's benchmark Nikkei 225 Stock Average. The company's unit JFE Steel Corp said on Thursday that it will deepen production cuts to 26 percent below first-half output.
The government forecast Japan's crude-steel output will probably drop a record 32 percent in January to March in response to waning demand from users of the metal, such as Toyota Motor Corp and Nissan Motor Co.
"Greater-than-expected declines in demand prompted JFE to accelerate output cuts, disappointing the market," Yoku Ihara, head of equity research at Retela Crea Securities Co, said yesterday.
The output cut would reduce JFE's recurring profit by 50 billion yen in the year to March 31, analyst Yuji Matsumoto at Tokyo-based Nomura Securities Co estimated yesterday in a report to investors. That would represent about 10 percent of Nomura's earnings estimate for the company.
JFE Steel plans to lower output by 4 million tons in the second half ending on March 31, compared with an estimate last month of 1.5 million tons.
The company will halt the operation of a blast furnace in western Japan next month for maintenance, as it pares output in response to weakening demand.
Nippon Steel Corp, Japan's largest maker of the metal, fell 1.4 percent to 288 yen after the company said on Thursday it would decide early next year on any further production cuts.
About the Author
http://www.cnmining.org/news/?id=932
What is a good brand of cutlery?
I am looking to start a good collection, but I don't know what a good price or brand would be. I also cant afford to spend a ton of money. Right now I have a Farberware Chefs knife and Paring Knife. I dont know if its me or not, but it doesnt really dice, chop etc. that well. Also, I read Stainless Steel isnt very good, and I think that is what they are.
Help! Any help is appreciated!
I own a set of Chicago Cutlery and am very satisfied with them. the initial cost can be high unless you buy them around Christmas when they go on sale, but they last a lifetime and hold an edge better than any other knife I own. You also have the option of buying one knife at a time until your set is complete.
 |
 Japanese sushi chef knife YOSHIHIRO KASUMI Deba 18cm w $169.99 Time Remaining: 37m Buy It Now for only: $169.99 |
 Diamond Stone Knife Sharpener Polisher 360grit 600gr $30.99 Time Remaining: 40m Buy It Now for only: $30.99 |
 Wusthof Gourmet 4 Piece Steak Knife Set $69.94 Time Remaining: 41m Buy It Now for only: $69.94 |
 Victorinox 425 Slice Serve Tomato Knife 40506 NEW $6.95 Time Remaining: 51m Buy It Now for only: $6.95 |
 Wholesale Lot of 3 Slitzer 10pc Professional Cutlery Sets $140.00 Time Remaining: 52m Buy It Now for only: $140.00 |
 Sushi Chefs Knife $6.99 Time Remaining: 54m Buy It Now for only: $6.99 |
 KASUMI TITANIUM KITCHEN KNIFE 20020 CARVING 20cm BLUE $105.00 Time Remaining: 54m Buy It Now for only: $105.00 |
 Slitzer Germany 7pc European Style Steak Knife Set in Wood Box $25.00 Time Remaining: 56m Buy It Now for only: $25.00 |
 NEW in GIFT BOX Chefs Secret by Maxam 8 Piece Steak Knife Set Kitchen Cutlery $19.99 Time Remaining: 1h 4m Buy It Now for only: $19.99 |
 Chicago Cutlery Insignia Steel 12 Piece Set 1049551 $129.95 Time Remaining: 1h 8m Buy It Now for only: $129.95 |
 GINSU KOTTA SERIES 5 PC STAINLESS STEEL PREP SET B NEW $24.98 Time Remaining: 1h 24m Buy It Now for only: $24.98 |
 Ginsu 5 Piece Stainless Knife Prep Set Natural Cutlery $32.99 Time Remaining: 1h 31m Buy It Now for only: $32.99 |
 Japanese Whetstone Sharpening Stone KING PB 2 800 $35.99 Time Remaining: 1h 46m Buy It Now for only: $35.99 |
 New Shun Edo Utility 8 1 4 Knife KAI BB1506 $230.00 Time Remaining: 1h 49m Buy It Now for only: $230.00 |
 Sharp Act Magically sharpen your knives New from Fred Great Gift $19.49 Time Remaining: 1h 50m Buy It Now for only: $19.49 |
 19 Pieces Kitchen Aid Tools Set Great gift pack 4 a new family starter or her $21.50 Time Remaining: 1h 59m |
 Farberware Kitchen 4 PC Set 2 Knife Fork Carving Slicer $48.00 Time Remaining: 2h 5m Buy It Now for only: $48.00 |
 Rada Cutlery Kitchen Knives Serrated Slicer W 238 $7.49 Time Remaining: 2h 8m Buy It Now for only: $7.49 |
 Slitzer 9pc Professional Jumbo German Steak Knife Set $16.79 Time Remaining: 2h 14m Buy It Now for only: $16.79 |
 Miracle Blade III 11 pc Knife Set $34.60 Time Remaining: 2h 16m Buy It Now for only: $34.60 |
 |
Victorinox 40520 Fibrox 8-Inch Chef's Knife List Price: Sale Price: $24.72 You save: $15.28 (38%)  |
 |
Totally Bamboo 20-7930 3-Piece Cutting Board Set Sale Price: $14.95 |
 |
Ginsu 04817 International Traditions 14-Piece Knife Set with Block, Natural List Price: Sale Price: $27.60 You save: $22.39 (45%) |
 |
Presto 08800 EverSharp electric knife sharpener List Price: Sale Price: $27.54 You save: $12.45 (31%) |
 |
Simply Calphalon Nonstick 6-Piece Bakeware Set List Price: Sale Price: $24.99 You save: $5.00 (17%) |
 |
Victorinox 47508 3-1/4-Inch Paring Knife List Price: Sale Price: $4.38 You save: $3.42 (44%) |
 |
Cuisinart DLC-2009CHB Prep 9 9-Cup Food Processor, Brushed Stainless List Price: Sale Price: $131.41 You save: $158.59 (55%) |
 |
John Boos Mystery Oil Butcher Block Oil List Price: Sale Price: $6.95 You save: $8.00 (54%) |
 |
ChicagoCutlery Fusion 18-Piece Set including Honey Maple Wood Block List Price: Sale Price: $84.99 You save: $95.00 (53%) |
 |
J.A. Henckels International Eversharp 8-Piece Steak Knife Set List Price: Sale Price: $24.99 You save: $35.01 (58%) |
Steel Paring
Thank You. We hope you found the
Steel Paring
you were looking for.