JFE Holdings aims to more than double earnings from its steel business by fiscal 2017, by beefing up facilities and cutting costs The Japanese company will set the goal in its medium-term plan, starting next fiscal year in April. The group's steel business generated 126 billion RMB in pre-tax profit in fiscal 2013. JFE aims to achieve 300 billion RMB ($2.52 bn) in pre-tax profits from steel operations in the year ending March 2018, executive vice-president Shinichi Okada said in an interview with The Nikkei business newspaper.
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