Jfe Executive - Us Tariffs Expected To Cut Our Crude Steel Output By About 500,000 Tons In Fy25/26

May 8 (Reuters) - JFE Holdings Inc 5411.T:

• JFE HOLDINGS EXECUTIVE: EXPECT OUR CRUDE STEEL OUTPUT TO DECLINE TO 21 MILLION TONS IN FY25/26 FROM 21.95 MILLION TONS IN FY24/25

• JFE EXECUTIVE: US TARIFFS EXPECTED TO CUT OUR CRUDE STEEL OUTPUT BY ABOUT 500,000 TONS IN FY25/26

• JFE EXECUTIVE: ACTUAL IMPACT OF US TARIFFS HAS NOT YET BEEN OBSERVED

• JFE EXECUTIVE: HOPE JAPANESE GOVERNMENT WILL ENGAGE IN TARIFF NEGOTIATIONS WITH THE US THAT PROMOTE FREE TRADE

• JFE PRESIDENT: AIMS TO CUT OUR DOMESTIC STEEL OUTPUT CAPACITY TO 21 MILLION TONS BY FY27/28 FROM 26 MILLION TONS NOW BY SUSPENDING 2 BLAST FURNACES

• JFE PRESIDENT: MAY FURTHER REDUCE DOMESTIC OUTPUT CAPACITY IN THE LONG TERM TO AROUND 20 MILLION TONS

• JFE PRESIDENT: AIM TO BOOST EARNINGS OVER NEXT 3 YEARS IN GROWTH MARKETS SUCH AS INDIA AND NORTH AMERICA

• JFE PRESIDENT: NO PLAN TO CUT PRODUCTION OF HIGH-GRADE STEEL, SUCH AS AUTOMOTIVE STEEL SHEETS AND UO-SHAPED PIPES, EVEN AFTER SUSPENSION OF A BLAST FURNACE

• JFE PRESIDENT: PLAN TO MAINTAIN EMPLOYMENT THROUGH REASSIGNMENTS DESPITE SUSPENSION OF BLAST FURNACES

Source text: [ID:]