UPDATE 1-JFE says can pass materials costs on to customers

Newswire

* Price hike dates back to April - president * Material price hikes to cost Japan sector $22 bln this FY * Gradual rise in yuan seen having no large impact on sector * JFE Holdings shares rise 0.7 percent, outperforms market TOKYO, June 22 (Reuters) - JFE Steel Corp will be able to pass most of higher costs for raw materials on to customers in the April-June quarter, President Eiji Hayashida said on Tuesday. Worries that Japanese mills will not be able to fully pass higher iron ore ...

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