UPDATE 2-JFE enters steel JV to serve China car market

Newswire

(Adds Guangzhou dateline, company comment, details, background) By Alison Leung and David McMahon GUANGZHOU/TOKYO, Sept 22 (Reuters) - JFE Holdings Inc , the world's fourth-biggest steel maker by output, sealed a joint venture deal in southern China on Monday that will give it a greater access into China's booming car market. JFE will hold a 51 percent stake in the venture with Guangzhou Iron & Steel to produce steel sheet for car makers, and they will together invest some 20 ...

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