Increasing the proportion of iron sources from in-house electric furnaces and securing a stable supply of purchased iron sources
First written in FY2019. 14 of 19 entries say "Advanced", first in FY2020-Q1. Latest entry: 2026-08-07.
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- FY2026AdvancedAnnual report
「The establishment of this joint venture will represent a major step toward realizing the new electric-furnace project, the most important element in achieving the Long-Term Plan for the Nakayama Steel Works Group disclosed by us on 9 May 2025. Capital contribution ratio: our company 51%, NIPPON STEEL CORPORATION 49%. Capital expenditures: electric-furnace equipment and buildings; total investment of approximately ¥95,000 million, up to ¥105,500 million taking into account inflation and foreign exchange fluctuations.」
The new electric-furnace plan has entered the implementation stage through the establishment of a joint venture with NIPPON STEEL CORPORATION, a 51:49 capital contribution ratio, and total investment of approximately ¥95,000 million, with a maximum of ¥105,500 million. - FY2026-H1AdvancedAnnual report
「Under these circumstances, our group will work toward establishing a joint venture in March 2026 to own a new electric furnace, with the aim of realizing the Nakayama Steel Works Group 2030 Long-Term Vision.」
The policy of expanding the production capacity of the new electric furnace has become more concrete, with an implementation timeline of establishing the joint venture in March 2026. - FY2025RaisedAnnual report
「The new electric furnace is expected to have annual production capacity of 1.2 million tonnes, more than twice that of the existing electric furnace. Full-scale operation of the new electric furnace is expected to begin during fiscal 2030.」
The plan was expanded from the existing electric-furnace system with monthly production capacity of 50,000 tonnes to a fundamental production-capacity expansion involving a new electric furnace with annual capacity of 1.2 million tonnes, more than twice that of the existing furnace. Full-scale operation is expected to begin during fiscal 2030. - FY2024-Q2RestatedAnnual report
「Against this backdrop, the Group worked to strengthen its processing operations as an integrated group, diversify its iron sources, and reduce manufacturing costs in line with the priority policies of the medium-term management plan for fiscal 2022 through fiscal 2024.」
The company continues to promote the diversification of ironmaking raw materials as a key initiative under the medium-term management plan for fiscal 2022 through fiscal 2024. - FY2023RaisedAnnual report
「Regarding the long-term growth strategy, the Steelmaking Process Reform Study Group established on 1 February 2022 was reorganized as the New Steelmaking Study Group on 1 April 2023, and we are proceeding with a detailed examination of fundamental measures to expand electric-furnace production capacity, including the construction of a new electric furnace.」
The scope of the plan was expanded from strengthening the existing electric-furnace production system to a detailed examination of fundamental measures to expand production capacity, including the construction of a new electric furnace. - FY2023-Q2AdvancedAnnual report
「From October 2021, we changed our electricity contract to enable 24-hour electric-furnace operation on weekdays as well, achieving stable operations above plan and increasing crude steel production 11.6% year on year.」
Crude steel production using the electric furnace increased 11.6% year on year as a result of changing the electricity contract and operating the electric furnace 24 hours a day. - FY2023-Q1AdvancedAnnual report
「Crude steel production increased 12.1% year on year as changing the electricity contract in October 2021 made it possible to operate the electric furnaces 24 hours a day on weekdays, resulting in stable operations above plan.」
The company expanded production of internally produced electric-furnace raw materials by changing its electricity contract and operating the electric furnace 24 hours a day, increasing crude steel production by 12.1% year on year. - FY2022RaisedAnnual report
「We will establish an electric-furnace production system with monthly capacity of 50,000 tonnes, further work to reduce the usage ratio of higher-grade scrap and improve unit consumption, strengthen cost competitiveness, and focus on expanding the adoption of electric-furnace steel products.」
The policy of utilizing internally produced electric-furnace raw materials was expanded into specific targets and measures, including monthly production capacity of 50,000 tonnes, a lower scrap usage ratio and improved unit consumption. - FY2022-Q2AdvancedAnnual report
「Against this backdrop, the Group promoted key measures under the medium-term management plan for fiscal 2019 through fiscal 2021, including realizing the benefits of the electric arc furnace rationalization investment and implementing Group collaborative initiatives.」
The company is promoting the realization of benefits from electric-furnace efficiency-enhancement investments as a key initiative. In the steel business, higher sales volumes and cost improvements from operational efforts were identified as factors contributing to higher profit. - FY2021AdvancedAnnual report
「We completed the electric-furnace efficiency-enhancement investments as planned and sought to improve production capacity.」
The company completed the efficiency-enhancement investments aimed at utilizing and increasing the capacity of its internally produced electric-furnace raw materials as planned. - FY2020-Q1AdvancedAnnual report
「Production of electric-furnace steel billets, which are less expensive than billets purchased externally, increased 10.6% year on year, partly because operating hours for the electric furnace were extended.」
To utilize internally produced electric-furnace raw materials, the company increased electric-furnace operating hours and raised crude steel production by 10.6% year on year. - FY2019First statedAnnual report
「(1) We aim to increase the share of internally produced electric-furnace raw materials and further secure stable procurement of purchased raw materials.」
As a key initiative under the new medium-term management plan, the company has identified increasing the share of internally produced electric-furnace raw materials and securing stable procurement of purchased raw materials as specific measures.