Export Constraints from Protectionism and Import Restrictions

「If large-scale, comprehensive tariffs are imposed in major overseas countries and regions, our group’s customers in those countries and regions may change their business strategies and operations or reduce production and sales volumes, which could consequently affect our group’s results.」

「米国をはじめ各国の保護主義的な政策の導入も進んでいる」

「Although the domestic and overseas economies in fiscal 2024 were gradually recovering, some areas remained sluggish due in part to the continued stagnation of the Chinese economy and labor shortages. In addition, uncertainty about the outlook has increased due to rising prices and the impact of U.S. trade policy, among other factors.」

「International conflicts, such as the conflict that occurred in Ukraine in 2022, could also affect our group’s steel sales volumes and prices through changes in domestic and overseas supply and demand trends for steel products.」

「In the steel business, revenue was ¥2,681.3 billion, a decrease of ¥149.3 billion, or 5.3%, from the previous consolidated fiscal year, due to lower sales volumes resulting from trade friction and weaker overseas market conditions.」

「In the steel business, lower sales volumes due to the impact of trade frictions and deterioration in overseas market conditions resulted in revenue of ¥2,005.8 billion, a decrease of ¥142.7 billion, or 6.6%, from the same period of the previous year.」

「In the steel business, lower sales volumes due to the impact of trade frictions and deterioration in overseas market conditions resulted in revenue of ¥1,353.1 billion, a decrease of ¥49.4 billion, or 3.5%, from the same period of the previous year.」

「Although overseas economies generally remained on a gradual recovery trend led by the United States, uncertainty about the outlook increased further due to intensifying global trade friction caused by protectionist policies, downside risks to emerging-market economies including China, developments surrounding the UK's withdrawal from the EU and other factors.」

「In the United States, the EU and other markets where our group exports relatively small volumes, various import restrictions have resulted in steel products shut out of those markets flowing back into our main export regions. This could affect those markets and, consequently, our sales volumes and prices.」

「Uncertainty about the outlook has increased due to intensifying global trade friction caused by protectionist policies, downside risks to emerging-market economies, particularly China, and geopolitical risks.」

「The outlook remains uncertain due to factors including intensifying global trade friction resulting from protectionist policies, downside risks to emerging-market economies, particularly China, and rising geopolitical risks.」

「The outlook remains uncertain due to factors including intensifying global trade friction resulting from protectionist policies, downside risks to emerging-market economies, particularly China, and rising geopolitical risks.」

「JFE Steel Corporation exports 44% of its steel products sales overseas on a standalone, value basis. Its main export destinations are ASEAN countries including Thailand, China and South Korea. Accordingly, in addition to trends in the supply and demand for steel products against the backdrop of economic conditions in Japan, Asia and the global economy, if major overseas countries impose import controls such as higher tariffs, anti-dumping measures or safeguard measures, the group's export transactions will be restricted, affecting sales volumes and prices.」