Stable production of 30 million tonnes of crude steel and cost reductions totaling approximately ¥105 billion over 3 years
First written in FY2018. 3 of 22 entries say "Reframed", first in FY2020. Latest entry: 2026-11-06.
No other company in this theme has enough history to compare yet.
- 2026-11-06SoftenedRevisions to earnings forecasts
「Consolidated crude steel production」
2026年度の連結粗鋼生産量見通しは2,080万トン程度とされ、国内生産体制のスリム化に沿った生産量見通しが示された。 - FY2027-H1Midyear crude steel production declineAnnual report
「Steel business 10,905 △4.5」
Interim crude steel production in the steel business totaled 10.905 million tonnes, down 4.5% year on year. - FY2026AdvancedAnnual report
「Against crude steel production capacity of 26 million tonnes, based on a 7-blast-furnace configuration excluding the electric furnace at the Sendai Works, the company will streamline capacity to approximately 21 million tonnes in FY2027 by suspending blast furnaces.」
The company continued to streamline capacity toward approximately 21 million tonnes under the Eighth Medium-Term Plan. Consolidated crude steel production in FY2025 was 22.55 million tonnes. Construction of the innovative electric furnace is progressing under a planned investment of ¥329.4 billion. - FY2026-H1Midyear crude steel production declineAnnual report
「Steel business 11,417 △2.3」
Crude steel production in the first half was 11.417 million tonnes, down 2.3% year on year. In line with the Eighth Medium-Term Plan's direction of streamlining the domestic production structure, production was below the level of the same period of the previous year. - FY2025ReframedAnnual report
「The company will streamline crude steel production capacity from the current 26 million tonnes, based on a 7-blast-furnace configuration excluding the electric furnace at the Sendai Works, to approximately 21 million tonnes in FY2027.」
Following the shift from stable crude steel production of 30 million tonnes under the Sixth Medium-Term Plan to the Seventh Medium-Term Plan's assumption of annual standalone production of 26 million tonnes, the Eighth Medium-Term Plan now calls for further streamlining to approximately 21 million tonnes of capacity in FY2027. - FY2025-H1Midyear crude steel production declineAnnual report
「Steel business 11,691 △9.0」
Crude steel production in the first half was 11.691 million tonnes, down 9.0% year on year. Under the policy of prioritizing quality over volume, production was below the level of the same period of the previous year. - FY2024AdvancedAnnual report
「In September 2023, the company suspended the upstream process and hot-rolling facilities at the Keihin District of its East Japan Works as scheduled. In addition to reducing fixed costs by lowering crude steel production capacity, it achieved substantial cost reductions through improvements in production efficiency driven by the promotion of DX, among other measures」
The company continued its shift from stable crude steel production of 30 million tonnes toward quality over volume and carried out the planned suspension of the Keihin District. Consolidated crude steel production in FY2023 was 24.8 million tonnes, and profit per tonne in the steel business was ¥10,000. - FY2024-Q3Cumulative crude steel production decline through the third quarterAnnual report
「Steel business 18,795 △2.0」
The steel business produced 18.795 million tonnes of crude steel on a cumulative basis through the third quarter, down 2.0% year on year. Under the policy of prioritizing quality over volume, production was below the level of the same period of the previous year. - FY2024-Q2First-half crude steel production declineAnnual report
「Steel business 12,849 △3.9」
Cumulative crude steel production for the first 2 quarters was 12.849 million tonnes, down 3.9% year on year. - FY2024-Q1First-quarter crude steel production declineAnnual report
「Steel business 6,384 △5.7」
Crude steel production in the first quarter was 6.384 million tonnes, down 5.7% year on year. Under the policy of prioritizing quality over volume, production has continued to decline. - FY2023Full-year crude steel production declineAnnual report
「Consolidated crude steel production for the current fiscal year was 25.48 million tonnes, down from the previous fiscal year.」
Under the policy of prioritizing quality over volume growth, consolidated crude steel production in FY2022 was 25.48 million tonnes, down 6.6% year on year. Profit per tonne was ¥7,000. - FY2023-Q2Crude steel production flat in the first halfAnnual report
「Steel business 13,368 △0.2」
Cumulative crude steel production for the first 2 quarters was 13.368 million tonnes, down 0.2% year on year. After increasing year on year in the first quarter, cumulative production for the first half was essentially flat. - FY2023-Q1Quarterly crude steel production increaseAnnual report
「Steel business 6,773 +2.8」
The steel business produced 6.773 million tonnes of crude steel on a cumulative basis for the first quarter, up 2.8% year on year. - FY2022AdvancedAnnual report
「Based on annual standalone crude steel production of 26 million tonnes, we are pursuing a transformation toward a leaner, more resilient business structure through substantial cost reductions, including fixed-cost reductions from structural reform and the promotion of DX.」
The company shifted from stable crude steel production of 30 million tonnes toward quality over volume based on annual standalone production of 26 million tonnes. Consolidated crude steel production in FY2021 was 27.26 million tonnes, and profit per tonne was ¥14,000. - FY2022-Q3Continued crude steel production recoveryAnnual report
「Steel business 20,243 +16.6」
Cumulative crude steel production for the first 3 quarters was 20.243 million tonnes, up 16.6% year on year. Production recovery has continued from the decline caused by temporary blast furnace shutdowns and other factors in the previous fiscal year. - FY2022-Q2Crude steel production recoveryAnnual report
「Steel business 13,391 +24.3」
Cumulative crude steel production for the first 2 quarters was 13.391 million tonnes, up 24.3% year on year. This indicates a recovery in production following the sharp decline in demand and temporary blast furnace shutdowns in the previous fiscal year. - FY2021Shift from expanding production volume to prioritizing value over volumeAnnual report
「For domestic production, we will shift decisively away from seeking earnings growth through increased “volume” and toward pursuing “value.” Under this medium-term business plan, based on annual standalone crude steel production of 26 million tonnes, we will achieve substantial cost reductions through fixed-cost reductions from structural reform, as well as improved labor productivity and higher yields through the promotion of DX (digital transformation).」
Under the Sixth Plan, which called for stable annual crude steel production of 30 million tonnes and cost reductions of ¥105 billion over 3 years, the policy shifted toward quality over volume, higher value added and fixed-cost reductions, based on annual standalone crude steel production of 26 million tonnes. - FY2021-Q3Continued decline in crude steel productionAnnual report
「Steel business: 17.363; △17.7」
Cumulative crude steel production for the third quarter was 17.363 million tonnes, down 17.7% year on year. Production continued to decline against the target of stable production of 30 million tonnes of crude steel. - FY2021-Q2Sharp decline in crude steel production in the first halfAnnual report
「Steel business: 10.770; △25.7」
Cumulative crude steel production for the second quarter was 10.77 million tonnes, down 25.7% year on year. The figure indicates a substantial decline in production against the target of stable production of 30 million tonnes of crude steel. - FY2020Shift to structural reform including production-capacity reductionsAnnual report
「Under the Sixth Medium-Term Business Plan, the company had targeted stable annual production of 30 million tonnes of crude steel on a non-consolidated basis and cost reductions of approximately ¥105 billion over three years. However, in light of the rapid changes in the current business environment and the medium- to long-term balance of domestic and overseas steel supply and demand, it determined that implementing fundamental structural reform, including reductions in crude steel production capacity, was unavoidable.」
The strategy shifted from the previous policy of targeting stable production of 30 million tonnes of crude steel to rebuilding the domestic production structure, including production-capacity reductions, and pursuing selection and concentration. - FY2019First-year crude steel production target missedAnnual report
「In the steel business, consolidated crude steel production for the fiscal year decreased to 27.88 million tonnes from the previous consolidated fiscal year, due to blast furnace operating problems, natural disasters and other factors.」
Against the Sixth Medium-Term Business Plan target of stable production of 30 million tonnes of crude steel, consolidated crude steel production was 27.88 million tonnes in fiscal 2018. - FY2018First statedAnnual report
「Through these initiatives, JFE Steel on a non-consolidated basis will achieve stable production of 30 million tonnes of crude steel and implement cost reductions of approximately ¥105 billion over three years, making its manufacturing capabilities more resilient and robust.」
Under the Sixth Medium-Term Business Plan, the company set new specific targets of stable production of 30 million tonnes of crude steel and cost reductions of approximately ¥105 billion over three years.