JFEHD stock gains widen on plans for a new blast furnace in India; lagging stocks also come back into focus

JFE Holdings shares extended their gains in afternoon trading after the company announced plans to build a new blast furnace at a steelworks it jointly operates with India's JSW Steel. The stock was at one point bought up to around ¥1,775, up ¥40 from the previous weekend.

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The story

JFE Holdings shares extended their gains in afternoon trading, with the stock at one point bought up to around ¥1,775.

The company announced plans to build a new blast furnace at a steelworks it jointly operates with Indian steel major JSW Steel. The move is expected to strengthen the steelworks' crude steel production capacity.

At a glance

Stock price trendIn afternoon trading, gains widened, with the stock at one point bought up to ¥1,775, up ¥40 from the previous weekend.

CounterpartyA steelworks jointly operated with Indian steel major JSW Steel

New developmentAnnounced plans to build a new blast furnace at the steelworks

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