Decrease in steel order intake and order backlog due to falling steel market prices
First written in FY2017-Q2. 17 of 30 entries say "Mitigated", first in FY2017-Q3. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026The decline in the order backlog narrowedAnnual report
「Steel Steel products 67,878 △10.3 11,268 △3.1」
Steel orders received fell 10.3% year on year and order backlog fell 3.1%. Although order backlog continued to decline, the decrease narrowed from 31.9% in the previous fiscal year. - FY2025WorsenedAnnual report
「During the consolidated fiscal year, order backlog in the steel business declined significantly. This was due to lower order volumes and falling steel sales prices, resulting from persistently low steel demand and inflows of imported materials.」
Steel order backlog fell 31.9% year on year, with persistently low steel demand, inflows of imported materials, and declines in order volumes and selling prices contributing to the deterioration in orders. - FY2024MitigatedAnnual report
「Steel Steel products 93,314 △2.4 17,070 1.1」
Steel orders received fell 2.4% year on year, while order backlog rose 1.1%. Order backlog, which had declined through the previous quarter, turned to a slight full-year increase. - FY2024-Q3Order backlog continued to decline, but the decline narrowedAnnual report
「Steel order backlog fell 11.7% year on year as demand for steel products remained sluggish in the domestic market, against a backdrop of delayed recovery in small and medium-sized construction projects and manufacturing, including industrial machinery.」
Order backlog declined against a backdrop of delayed recovery in manufacturing serving small and medium-sized construction projects and industrial machinery. The decline narrowed from 18.1% in the previous quarter, but weakness in orders continued. - FY2024-Q2WorsenedAnnual report
「Steel order backlog fell 18.1% year on year as demand for steel products remained sluggish in domestic and overseas markets, against a backdrop of delayed recovery in small and medium-sized construction projects and manufacturing, including industrial machinery.」
Steel demand in domestic and overseas markets remained sluggish, and steel order backlog fell 18.1% year on year. - FY2024-Q1WorsenedAnnual report
「In steel, order backlog fell 10.0% year on year as demand for steel products remained sluggish in domestic and overseas markets, against a backdrop of delayed recovery in small and medium-sized construction projects and manufacturing, including industrial machinery.」
Against a backdrop of sluggish steel demand in domestic and overseas markets, steel order backlog fell 10.0% year on year, and orders deteriorated again. - FY2023MitigatedAnnual report
「Steel Steel products 95,588 7.2 16,882 1.2」
Annual steel orders received rose 7.2% and order backlog rose 1.2%, mitigating the risk of declining orders seen in the past. - FY2023-Q2MitigatedAnnual report
「Although raw material prices for steel rose as materials and energy prices surged due to the prolonged Russia-Ukraine conflict, steel sales increased as we passed higher costs through to selling prices, among other factors, and steel orders received also increased significantly. Against this backdrop, steel orders received rose 14.9% year on year and steel sales rose 27.3%.」
Steel orders, which had deteriorated through the previous fiscal year, increased, with orders received up 14.9% and sales up 27.3% year on year, partly due to the pass-through of higher costs to selling prices. - FY2023-Q1MitigatedAnnual report
「Against this backdrop, steel orders received rose 16.9% year on year, steel order backlog rose 15.9%, and steel sales rose 34.5%.」
Steel orders, which had been declining through the previous fiscal year, increased, with orders received up 16.9%, order backlog up 15.9%, and sales up 34.5% year on year. - FY2022MitigatedAnnual report
「During the consolidated fiscal year, steel order backlog increased significantly. This was due to a recovery in demand from the manufacturing sector and rising sales prices toward the end of the fiscal year.」
Steel orders, which had deteriorated through the previous fiscal year, recovered, with orders received increasing 61.5% to ¥8,914.6 million and order backlog increasing 33.3% to ¥1,668.6 million. - FY2022-Q3MitigatedAnnual report
「Domestic steel demand, particularly from the manufacturing sector, was recovering, leading to higher steel sales volumes and a substantial increase in steel sales prices. Steel orders received also increased significantly. Against this backdrop, rolled steel production rose 24.1% year on year, fabricated steel production rose 19.4%, steel orders received rose 74.1%, steel order backlog rose 74.0%, and steel sales rose 50.5%.」
Against a backdrop of recovering steel demand and higher sales prices, orders received rose 74.1% and order backlog rose 74.0% year on year. - FY2022-Q2MitigatedAnnual report
「Against this backdrop, rolled steel production rose 30.8% year on year, fabricated steel production rose 20.7%, steel orders received rose 80.5%, steel order backlog rose 110.3%, and steel sales rose 41.0%.」
Steel orders, which had deteriorated through the previous fiscal year, recovered substantially, with orders received up 80.5% and order backlog up 110.3% year on year. - FY2022-Q1MitigatedAnnual report
「Domestic steel demand, particularly from the manufacturing sector, was recovering, leading to higher steel sales volumes and a substantial increase in steel sales prices. Steel orders received also increased significantly. Against this backdrop, steel orders received rose 171.5% year on year, steel order backlog rose 109.5%, and steel sales rose 33.5%.」
Steel orders, which had deteriorated through the previous fiscal year, recovered substantially, with orders received up 171.5% and order backlog up 109.5% year on year, driven by recovering demand and higher prices. - FY2021MitigatedAnnual report
「During the consolidated fiscal year, steel order backlog increased significantly. This was due to a recovery in demand from the manufacturing sector and rising sales prices toward the end of the fiscal year.」
Steel order backlog increased 34.1% year on year to ¥12,514 million, driven by a recovery in manufacturing-sector demand and higher sales prices. - FY2021-Q3Orders received continued to decline, but the decline narrowedAnnual report
「Against this backdrop, crude steel production fell 10.3% year on year, rolled steel products fell 23.1%, fabricated steel products fell 10.5%, steel orders received fell 21.3%, and steel sales fell 23.0%.」
Steel orders received fell 21.3% year on year, and deterioration in orders continued. However, the decline was smaller than the 32.6% decline reported for the cumulative period through the previous quarter. - FY2021-Q2WorsenedAnnual report
「As economic activity deteriorated rapidly amid the global spread of COVID-19, demand for steel from the manufacturing and construction sectors, the main markets for our Group, fell sharply. As a result, our sales volume declined, and we were forced to reduce steel production. Against this backdrop, crude steel production fell 15.3% year on year, rolled steel products fell 31.3%, fabricated steel products fell 14.6%, steel orders received fell 32.6%, steel order backlog fell 26.6%, and steel sales fell 28.1%.」
Steel orders received fell 32.6% and order backlog fell 26.6% year on year, indicating further deterioration in orders as demand worsened. - FY2021-Q1WorsenedAnnual report
「Against this backdrop, crude steel production fell 24.2% year on year, rolled steel products fell 32.6%, fabricated steel products fell 10.2%, steel orders received fell 35.9%, steel order backlog fell 42.2%, and steel sales fell 25.6%.」
Steel orders received fell 35.9% and order backlog fell 42.2% year on year, indicating a substantial worsening of the previously deteriorating order situation. - FY2020-Q3WorsenedAnnual report
「Steel orders received and order backlog both declined year on year, as export conditions deteriorated and domestic shipments to the construction and manufacturing sectors, including industrial machinery, remained sluggish (orders received: down 18.1% year on year; order backlog: down 32.7%).」
Steel orders received fell 18.1% and order backlog fell 32.7% year on year due to deteriorating export conditions and sluggish domestic shipments, indicating further deterioration in orders. - FY2020-Q2WorsenedAnnual report
「Steel orders received and the order backlog declined 10.6% and 24.0%, respectively, year on year, due mainly to lower order volumes for subcontracted steel products amid a deterioration in the export environment.」
Against a backdrop of deteriorating export conditions, steel orders received fell 10.6% and order backlog fell 24.0%, indicating further deterioration in orders. - FY2020-Q1WorsenedAnnual report
「Steel orders received declined 11.7% year on year due mainly to lower order volumes for subcontracted steel products amid a deterioration in the export environment.」
Against a backdrop of a deteriorating export environment, steel orders received declined 11.7% year on year, indicating a renewed deterioration in orders. - FY2019Lower orders received; slight increase in the order backlogAnnual report
「Steel orders received were ¥78,061 million, down 5.5% from the previous fiscal year, while the order backlog was ¥14,555 million, up 2.3%.」
Steel orders received declined 5.5% from the previous fiscal year, while the order backlog increased 2.3%, indicating that the recovery in orders was uneven. - FY2019-Q2MitigatedAnnual report
「Steel orders outstanding increased 16.2% year on year, partly because shipments were delayed by a typhoon in September 2018.」
In contrast to the decline in steel orders caused by falling steel prices in the previous fiscal year, the order backlog increased 16.2% year on year. However, delays in shipments caused by typhoons were cited as one factor behind the increase. - FY2019-Q1MitigatedAnnual report
「In steel, the order backlog increased 24.6% year on year as steel orders increased and prices rose.」
In contrast to the decline in steel orders caused by falling steel prices in the previous fiscal year, the order backlog increased 24.6% year on year against a backdrop of higher order volumes and prices. - FY2018MitigatedAnnual report
「Steel orders received were ¥82,580 million, up 17.5% from the previous fiscal year, and the order backlog was ¥14,230 million, up 18.4%.」
Following the decline in orders caused by falling steel prices, both steel orders received and the order backlog increased from the previous fiscal year. - FY2018-Q3MitigatedAnnual report
「In steel, higher steel order volumes and higher steel selling prices than in the same period of the previous year resulted in rolled steel production increasing 16.4% year on year, processed steel production increasing 10.6%, orders received increasing 22.6%, and the order backlog increasing 25.3%.」
In contrast to the decline in steel orders caused by falling steel prices in the previous fiscal year, orders received increased 22.6% and the order backlog increased 25.3%, indicating that the recovery in orders continued. - FY2018-Q2MitigatedAnnual report
「Due to higher steel order volumes and higher steel selling prices than in the same period of the previous year, rolled steel production increased 19.8% year on year, steel orders received increased 30.8%, and the order backlog increased 52.8%.」
In contrast to the decline in steel orders caused by falling steel prices in the previous fiscal year, orders received increased 30.8% and the order backlog increased 52.8%, indicating that the recovery in orders continued. - FY2018-Q1MitigatedAnnual report
「Steel orders received increased 26.6% and the order backlog increased 27.3% year on year due to higher steel order volumes and higher prices.」
In contrast to the decline in steel orders received and the order backlog caused by falling steel prices in the previous fiscal year, orders received increased 26.6% and the order backlog increased 27.3% in the current quarter. - FY2017MitigatedAnnual report
「Steel orders received were ¥70,277 million, up 9.6% from the previous fiscal year, and the order backlog was ¥12,022 million, up 72.8%.」
In contrast to the decline in steel orders associated with falling steel prices, steel orders received increased 9.6% and the order backlog increased 72.8% during the consolidated fiscal year, indicating a recovery in orders. - FY2017-Q3MitigatedAnnual report
「As steel orders trended upward, both coking coal and steel scrap prices surged, prompting the company to revise steel selling prices, which resulted in an increase in the steel order backlog. As a result, crude steel production increased 15.0% year on year and the order backlog increased 28.7% year on year.」
In contrast to the decline in steel orders received and the order backlog reported in the previous quarter, the order backlog increased 28.7% year on year in the cumulative third quarter. - FY2017-Q2First statedAnnual report
「Steel orders received declined 12.0% year on year and the order backlog declined 21.0%, as steel prices fell substantially from the same period of the previous year due mainly to high levels of Chinese steel exports, and the steel order backlog declined.」
Steel orders received and the order backlog declined quantitatively against a backdrop of falling market prices due mainly to high levels of Chinese steel exports.