JFE posts 14% increase in annual crude steel output on strong demand

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Japan’s JFE Steel produced 25.88 million mt of crude steel on a standalone basis for the year ended March 31, 2022, up 13.7% from 22.76 million mt made the year before, the company said May 6, just shy of its projection of 26 million mt. It attributed the increase to “strong demand for steel and the result of initiatives to…