JFE Holdings to build plant in Mexico

JFE Holdings, a Japanese steel manufacturer, is planning to build a steel plant in Mexico, closely observing President Trump’s policies, which could tear apart a regional commercial pact, informed Shinichi Okada, VP of JFE. JFE and Nucor said last June that a partnership would be formed to build the plant in Mexico, with the objective of supplying automakers operating in the NAFTA market. The factory could cost up to US$270 million and will have capacity to produce 400,000 tons of steel plate a year, expecting to start operations in 2019.