Japan steelmaker JFE leans on India's JSW for stock recovery

Affiliate holds key to tapping growing demand in world's most populous market

20241022N JFE JSW

Japanese steelmaker JFE Holdings took a 15% stake in India's JSW Steel in 2012. (Source photos by Nikkei)

YUJI OHIRA, Nikkei staff writer

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.

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