UPDATE 1-JFE steps up steel output cuts on plunging demand

Newswire

(Adds more details) TOKYO, Dec 25 (Reuters) - JFE Steel Co, the world's third-biggest steelmaker, said it would more than double its planned production cuts for the October-March period as demand from automakers and other customers plunges. JFE and rival Nippon Steel have been cutting production as key clients Toyota Motor Corp and other Japanese carmakers curtail their own output, as the economic slump batters consumer spending. Toyota expects its first-ever annual operating loss for ...

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