Declining domestic demand due to lower refractory consumption per unit and increased imports from China
First written in FY2016. 3 of 5 entries say "Restated". Latest entry: FY2024.
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- FY2024WorsenedAnnual report
「Going forward, efforts by the steel industry toward carbon neutrality are expected to accelerate, and refractory consumption per unit may fluctuate as steelmaking processes change. If imports of refractories from China continue to increase, domestic refractory production could decline further.」
In addition to the existing risks of lower consumption per unit and increased imports from China, we identify fluctuations in consumption per unit resulting from changes in steelmaking processes associated with carbon neutrality as a new uncertainty. - FY2022RestatedAnnual report
「Accordingly, our group is working to expand sales to domestic nonferrous metal and cement manufacturers, while focusing on increasing exports and developing operations overseas.」
We continue to address the risk of declining domestic demand due to steel demand, refractory consumption per unit and increased imports from China through sales to the nonferrous metal and cement sectors, exports and overseas operations. - FY2021RestatedAnnual report
「Regarding refractory consumption, consumption per tonne of steel has been declining year after year. Unless operating rates and capital investment in the steel industry increase, domestic demand for refractories may decline. If imports of refractories from China continue to increase, domestic refractory production could decline further.」
We reaffirm the risk that lower refractory consumption per unit and increased imports from China will reduce domestic demand and production, and identify expanding sales to nonferrous metal and cement manufacturers, increasing exports and expanding overseas operations as countermeasures. - FY2018RestatedAnnual report
「Refractory consumption per tonne of steel has been declining year after year. Unless operating rates and capital investment in the steel industry increase, domestic demand for refractories may decline. If imports of refractories from China continue to increase, domestic refractory production may decline further.」
We reaffirm the risk that lower refractory consumption per unit and increased imports from China will reduce domestic demand and production. - FY2016First statedAnnual report
「Refractory consumption per tonne of steel has been declining year after year. Unless operating rates and capital investment in the steel industry increase, domestic demand for refractories may decline. If imports of refractories from China continue to increase, domestic refractory production may decline further.」
We identify lower consumption per unit and increased refractory imports as factors behind declines in domestic demand and production.