UPDATE 1-JFE, Hyundai in talks on steel alliance -Nikkei

Newswire

(Adds background, share price) TOKYO, Jan 29 (Reuters) - Japan's JFE Holdings Inc. is in talks with South Korea's Hyundai Steel Co. to help it build new mills to feed steel to its parent Hyundai Motor Co. Co., the Nikkei newspaper said on Monday, sending JFE stock higher. Shares in JFE were up 2.8 percent to 6,880 yen as of the midsession, compared to the 1.9 percent gain in the iron and steel subindex . A spokesman for JFE's steel unit said the company was checking the report. JFE ...

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