Impact of China’s power restrictions on the stainless steel industry
First written in FY2022-Q2. 1 of 4 entries say "Restated". Latest entry: FY2023.
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- FY2023DroppedAnnual report
「Although expectations for a recovery in stainless steel demand in China have taken precedence, there are no signs of such a recovery, and market uncertainty has increased due to the effects of the country's infection-control measures, the sluggish property market and the prolonged situation in Ukraine,」
China's power regulation issues, which had been described previously, are not explicitly included in the list of factors affecting China's market conditions for the current fiscal year. - FY2022RestatedAnnual report
「Although uncertainty remains regarding the impact of infection trends and China's power regulation issues on the stainless steel industry, the main source of demand for the nickel business,」
China's power regulation issues have been reconfirmed as a source of uncertainty that could affect demand and operating rates in the stainless steel industry. - FY2022-Q3China's power shortage concerns additionally identified as a factor in the correction of nickel pricesAnnual report
「Although nickel prices temporarily entered a correction phase due in part to the debt problems of major Chinese property companies and concerns over power shortages,」
In addition to China's power regulation issues, concerns over power shortages were also described as a factor in the temporary correction of LME nickel prices. - FY2022-Q2First statedAnnual report
「Although uncertainty remains regarding the impact of infection trends and China's power regulation issues on the stainless steel industry, the main source of demand for the nickel business, which accounts for most of the Group's sales and profit or loss,」
China's power regulation issues are described as a new source of uncertainty that could affect demand and operating rates in the stainless steel industry, the main source of demand.