Production Adjustments Due to Large Inflows of Stainless Steel Products from Overseas Producers
First written in FY2020-Q1. 2 of 4 entries say "Worsened", first in FY2020. Latest entry: FY2021-Q1.
Pacific Metals moved to the "Worse" side of this theme in 2020, 1 year after the typical company in this theme (2019).
The whole theme swung hardest in 2024: 8 of 13 companies on the "Worse" side.
3 other companies' latest entry also says "Worsened".
- FY2021-Q1WorsenedAnnual report
「The sales environment became challenging due in part to lower operating rates among stainless steel producers and the temporary shift by overseas stainless steel producers in their raw material procurement toward nickel pig iron and other materials offering relatively greater price advantages.」
In addition to the inflow of products from overseas stainless steel producers and production adjustments, the temporary shift in raw material procurement toward nickel pig iron and other materials further worsened the sales environment. - FY2020WorsenedAnnual report
「Some production activity showed signs of adjustment following the large influx of stainless steel products from some overseas producers into the market. In addition, from the fourth quarter, the impact of the spread of COVID-19 on operating conditions became apparent.」
In addition to the large influx of overseas products, the impact of the spread of the infectious disease on operating conditions emerged, increasing the factors behind production adjustments by major customers. - FY2020-Q3RestatedAnnual report
「The company has been strengthening its focus on profitability in response to higher raw material prices, including the rise in LME nickel prices, and has maintained a certain level of operations. However, production activity showed some signs of adjustment as a result of the large influx of stainless steel products from some overseas producers into the market, resulting in growing uncertainty in the business environment.」
Production adjustments by major customers due to the continued influx of stainless steel products from overseas producers have persisted. A certain level of operations was maintained, but the business environment was described as uncertain amid higher raw material prices. - FY2020-Q1First statedAnnual report
「Production activity has shown signs of adjustment, partly due to the impact of a large influx of stainless steel products from some overseas producers into the market.」
The large influx of stainless steel products from some overseas producers into the market was first identified as a factor behind production adjustments in the stainless steel industry, the primary source of demand.