April 25, 2007
  • JFE Steel Corporation

JFE Steel’s Capital Investment Plan for Fiscal Year ending March 2008

TOKYO – JFE Steel Corporation today announced its capital investment plan for the fiscal year ending March 31, 2008.

  1. Amount of Capital Investment
    (in billions of yen) FY ending
    March 2008
    (planned)    		 FY ended
    March 2007
    (estimated)    		 Year-on-year
    % change
    Construction costs
    Outlays    		 135.0
    150.0    		 132.8
    116.1    		 2%
    29%
  2. Major Investment Projects in Fiscal Year ending March 2008
    Works/project Construction period Total cost
    Chita Works:
    Expansion of capacity of medium-
    diameter seamless pipe mill    		 July 2007 – July 2008 15.0 billion yen
    East Japan Works:
    Construction of scrap-melting shaft
    furnace at Keihin    		 June 2007 – Aug. 2008 10.0 billion yen
    West Japan Works:
    Construction of coke dry quenching
    (CDQ) facility at Kurashiki    		 July 2007 – Feb. 2009 9.5 billion yen
    East Japan Works:
    Construction of continuous pickling
    line at Keihin    		 Jan. 2006 – May 2007 13.0 billon yen
    East Japan Works:
    Construction of No.14 oxygen
    plant at Chiba    		 July 2006 – Aug. 2007 6.0 billion yen
  3. Reference: Capital Investment by Year
    Years ended (ending)
    March 31:     		Construction
    costs    		 Outlays
    (in billions of yen)
    1995
    1996
    1997
    1998
    1999
    2000
    2001
    2002
    2003
    2004
    2005
    2006
    2007 (estimated)
    2008 (planned)     		228.7
    206.4
    120.4
    122.8
    136.2
      74.3
      85.0
    101.4
      92.4
    101.0
    112.0
    139.6
    132.8
    135.0    		 263.7
    175.9
    122.3
    139.2
    153.9
     88.1
     82.1
     86.3
     88.8
     81.7
    125.0
    109.8
    116.1
    150.0
    Figures for 1995 - 2003 are the sum of NKK's and Kawasaki Steel's capital investment.