JFE Holdings, the largest deficit in the history of all major steel companies, was in the red at 15:39 on May 12
Regarding the major Japanese steelmaker JFE Holdings, the financial results for the fiscal year ended March 31, 2017 were the final profits and losses due to a decrease in steel demand worldwide due to the effects of US-China trade friction and a review of the asset value of steelworks. Announced that it has fallen to a record deficit of ¥ 19.7 billion.
Japan Steel and Kobe Steel Co., Ltd. also had a final deficit in the fiscal year ended March 31, and all three major steel companies fell into the final deficit.