TOKYO -- With its stock price struggling to rebound from a year-to-date low, efforts by Japanese steelmaker JFE Holdings to regain market confidence hinge on fast-growing Indian affiliate JSW Steel.
JFE stock ended Tuesday down around 20% from the beginning of the year at 1,832 yen. The company on Oct. 5 said it expected a 4% increase in group net profit this fiscal year to 205 billion yen ($1.37 billion), downgrading its forecast by 15 billion yen.
