JFE Holdings Inc

JFE Holdings Inc reported a decline in its first quarter profit due to weaker export profitability, foreign exchange fluctuations, and decreased crude steel production.

JFE’s stock price has plummeted to 10.20 euros, serving as a wake-up call for investors to reassess the company’s value and stability.

JFE Steel’s revised profit forecast reflects broader industry trends, including slow local demand and a slumping Asia market, highlighting the challenges facing the steel sector.