Weak Steel Demand Among End Users
First written in FY2016. 12 of 34 entries say "Mitigated", first in FY2017-Q3. Latest entry: 2026-08-07.
Nakayama Steel Works moved to the "Worse" side of this theme in 2019, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 62 of 77 companies on the "Worse" side.
14 other companies' latest entry also says "Restated".
- FY2026WorsenedAnnual report
「For construction-related demand, delays in construction schedules due to higher material costs and labor shortages, as well as the downsizing of construction projects, continued. Demand from manufacturers also showed no signs of recovery, owing in part to the impact of U.S. tariffs, and domestic demand overall remained sluggish.」
Delays and downsizing of construction projects, together with weak manufacturing demand due to US tariffs and other factors, continued, worsening the risk of weak end-user demand. - 2026-05-08WorsenedRevision of earnings forecasts
「For construction-related demand, delays in construction schedules due to higher material costs and labor shortages, as well as the downsizing of construction projects, continued. Demand from manufacturers also showed no signs of recovery, owing in part to the impact of U.S. tariffs, and domestic demand overall remained sluggish.」
The disclosure described subdued end-user demand from the construction and manufacturing sectors and its causes throughout the fiscal year. - FY2026-H1WorsenedAnnual report
「In construction, delays and downsizing of projects caused by soaring material prices and labor shortages continued, while manufacturing also lacked momentum, leaving domestic demand sluggish.」
End demand from the construction and manufacturing sectors remained sluggish, with soaring material prices, labor shortages, project delays and project downsizing continuing to weigh on demand. - FY2025WorsenedAnnual report
「Domestic demand from the construction and manufacturing sectors remained weak because of soaring material costs and delays in construction schedules caused by labor shortages. In addition, the inflow of low-priced imports caused both steel sales volumes and selling prices to decline.」
End demand from the construction and manufacturing sectors remained low, and the risk of weak demand worsened as soaring material prices, labor shortages and increased inflows of low-priced imports compounded the situation. - FY2025-H1WorsenedAnnual report
「Domestic demand from the construction and manufacturing sectors remained low due to soaring material prices, labor shortages and delays in construction schedules,」
Regarding end-user demand, domestic demand from the construction and manufacturing sectors remained low against a backdrop of soaring material prices, labor shortages and resulting delays in construction schedules. - FY2024-Q2Diverging recovery and weakness by demand sectorAnnual report
「当社グループの主力事業である鉄鋼業界におきましては、自動車向け需要は半導体を中心とした部品供給制約の緩和により回復しましたが、産業機械向けや建築向けの国内需要は弱含みで推移しました。」
End demand differs by sector, with automotive demand recovering while demand for industrial machinery and construction remains weak. - FY2024-Q1Diverging recovery and weakness by demand sectorAnnual report
「Automotive demand is recovering as semiconductor shortages ease, but domestic steel demand for construction and industrial machinery remains challenging.」
End-user demand is described by sector, with automotive demand recovering while construction and industrial machinery demand remains challenging. - FY2023RestatedAnnual report
「Construction demand was firm for large-scale projects, but small and medium-sized projects remained weak, partly due to soaring material prices, leaving steel demand generally weak.」
While large-scale projects remained firm, weak end-user demand, particularly for small and medium-sized projects, continued. - FY2023-Q3WorsenedAnnual report
「Manufacturing demand declined in both the automotive and industrial machinery sectors due to parts supply constraints and other factors. In construction, large-scale projects remained firm, but the slow recovery of small and medium-sized projects continued.」
Regarding end-user demand, both automotive and industrial machinery demand declined because of parts supply constraints, while the slow recovery of small and medium-sized construction projects continued. - FY2023-Q1WorsenedAnnual report
「Manufacturing demand was trending downward due to parts shortages caused by supply chain disruptions, while construction demand was supported by strong large-scale projects but recovery in small and medium-sized projects was slow, leaving steel demand generally weak.」
Regarding end-user demand, the report cites a decline in manufacturing demand due to parts shortages and a slowdown in the recovery of small and medium-sized construction projects. - FY2022MitigatedAnnual report
「In the steel industry, which is the Group's core business, steel demand increased as demand for industrial machinery and construction recovered.」
In contrast to the weak end-user demand that had become apparent through the previous fiscal year, demand recovered, mainly for industrial machinery and construction. - FY2022-Q3MitigatedAnnual report
「Steel demand remained firm, supported by the recovery in demand for industrial machinery and construction.」
In contrast to the previously weak end-user demand, recovery in steel demand, including demand for industrial machinery and construction, is reported. - FY2022-Q2MitigatedAnnual report
「In manufacturing, automotive demand was affected by supply shortages of semiconductors and components, resulting in some production stoppages, but demand for industrial machinery and construction was trending upward, and steel demand was generally firm.」
While supply constraints remain in the automotive sector, demand for industrial machinery and construction is trending upward, and overall steel demand is described as firm. - FY2022-Q1MitigatedAnnual report
「Domestic steel demand is recovering, mainly in the manufacturing sector, but the operating environment remains challenging as prices for key raw materials have risen.」
While domestic steel demand, led by the manufacturing sector, has shifted toward recovery, the challenging environment caused by higher raw material prices remains. - FY2021Partial recovery in manufacturing, continued weakness in construction demandAnnual report
「Domestic steel demand is expected to remain weak for small and medium-sized construction projects, while demand from the manufacturing sector is expected to continue recovering in some areas.」
While some recovery is expected in manufacturing demand, small and medium-sized construction projects are described as remaining weak. - FY2021-Q3Partial recovery in manufacturing demand, but continued weakness in construction demandAnnual report
「Although signs of recovery have begun to appear in some manufacturing segments, demand for steel products in the construction sector remained sluggish.」
While demand from the manufacturing sector is showing signs of recovery, construction demand remains sluggish, with end-user demand described as differing by sector. - FY2021-Q2MaterialisedAnnual report
「In steel, sales declined due mainly to a sharp year-on-year decrease in steel sales volumes and a decline in steel selling prices resulting from weak demand from the core construction and manufacturing sectors.」
Weak end demand from the construction and manufacturing sectors emerged as a sharp decline in sales volumes and lower selling prices, indicating that the risk of weak demand continues to materialize. - FY2021-Q1MaterialisedAnnual report
「Economic activity deteriorated rapidly and conditions remained extremely challenging as a result of the global spread of COVID-19.」
The deterioration in economic activity caused by the global spread of COVID-19 emerged as an external factor associated with weak end-user demand. - FY2020-Q3MaterialisedAnnual report
「当社グループを取り巻く環境は、建築向けや自動車・産業機械など製造業向けの鋼材需要が低迷し、諸資材価格の高騰や人手不足などによる生産・物流コストの上昇など厳しい状況で推移しました。」
Weak steel demand among end users emerged in the actual business environment, resulting in a sharp decline in steel sales volumes. - FY2020-Q2MaterialisedAnnual report
「当社グループを取り巻く環境は、国内鋼材需給の緩和により過剰な在庫は解消されず、荷動きは停滞しており、諸資材価格の高騰や人手不足などによる生産・物流コストの上昇など厳しい状況で推移しました。」
Domestic steel shipments stagnated and steel sales volumes declined, indicating that the risk of weak steel demand emerged in the business environment during the period. - FY2020-Q1MaterialisedAnnual report
「As excess inventories became increasingly apparent amid easing domestic steel supply and demand, shipments remained sluggish, while conditions remained challenging due to higher production and logistics costs resulting from soaring prices for various materials and labor shortages.」
Sluggish shipments of steel products related to end-user demand were reported as a result for the quarter, indicating that the risk of weak demand has materialized. - FY2019RestatedAnnual report
「However, concerns remain over the impact on supply and demand for steel products, including stagnation in China's domestic economic environment resulting from US-China trade friction, and conditions are expected to remain uncertain.」
While firm domestic demand is expected, the external environment surrounding supply and demand for steel products remains uncertain. - FY2019-Q2MitigatedAnnual report
「Steel orders outstanding increased 16.2% year on year, partly because shipments were delayed by a typhoon in September 2018.」
Steel orders outstanding increased 16.2% year on year, and the concern over weak steel demand is described as having eased based on this indicator. However, the increase was also affected by shipment delays caused by a typhoon. - FY2019-Q1MitigatedAnnual report
「In steel, the order backlog increased 24.6% year on year as steel orders increased and prices rose.」
Against a backdrop of higher steel order volumes and prices, the order backlog increased, and the risk of weak steel demand continues to be described as having eased. - FY2018MitigatedAnnual report
「The business environment surrounding the Group saw steel demand increase and selling prices rise, supported by the recovery in the construction industry and continued strong production in the automotive and machinery manufacturing industries.」
It states that steel demand increased and selling prices also rose against the backdrop of demand in construction, automotive, and machinery. - FY2018-Q3MitigatedAnnual report
「Supported by the recovery in the construction industry, particularly public civil engineering projects, and continued strong production in the automotive and machinery manufacturing industries, steel sales volumes increased and steel selling prices rose.」
Against the backdrop of demand in construction, automotive, and machinery, steel sales volumes increased, and the previously identified risk of weak steel demand continued to be described as having eased. - FY2018-Q2MitigatedAnnual report
「Supported by the recovery in the construction industry and continued strong production in the automotive and machinery manufacturing industries, steel sales volumes increased and steel selling prices rose.」
Against the backdrop of demand in construction, automotive, and machinery, steel sales volumes increased, and the previously identified risk of weak steel demand continued to be described as having eased. - FY2018-Q1MitigatedAnnual report
「To meet the increase in steel orders, the Company's electric furnaces and rolling mills also increased production. Crude steel production and rolled steel production rose 15.0% and 24.2%, respectively, year on year.」
Steel orders increased, and production of crude steel and rolled steel also rose. The previously described risk of weak demand is therefore described as having eased during the current quarter. - FY2017MitigatedAnnual report
「The business environment surrounding the Group saw steel demand on an upward trend as the domestic economy gradually recovered.」
Against the backdrop of weak end-user demand, steel demand is described as being on an upward trend due to the recovery in the domestic economy. - FY2017-Q3MitigatedAnnual report
「Meanwhile, although steel demand was on an upward trend as the domestic economy gradually recovered, the business environment surrounding the Group remained challenging, with sharp increases in the prices of principal raw materials such as coking coal and steel scrap.」
Whereas weak steel demand had been described through the previous quarter, the cumulative third quarter states that steel demand was on an upward trend as the domestic economy recovered. - FY2017-Q2MaterialisedAnnual report
「The business environment surrounding the Group remained weak, as domestic steel market prices were soft due to a lack of momentum in steel demand and the impact of unstable overseas markets.」
Regarding the risk of weak steel demand, the lack of momentum in steel demand emerged in the actual results for the cumulative second quarter. - FY2016First statedAnnual report
「The operating performance of the Group may be affected if steel demand among end users remains weak due to sluggish construction demand or declines in the production of construction and industrial machinery.」
End demand in construction, construction machinery, and industrial machinery is identified as a driver of fluctuations in steel demand.