Growing recognition of steel scrap use driven by decarbonization
First written in FY2021-Q3. 2 of 8 entries say "Restated". Latest entry: FY2026.
0 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Average prices for cobalt, nickel and lithium, the primary raw materials for lithium-ion batteries, remained firm against the backdrop of supply constraints and other factors.」
With respect to battery material prices, the company noted that, following the divergence by resource described in the previous period, cobalt, nickel and lithium remained firm during the period against the backdrop of supply constraints and other factors. - FY2026-H1Divergence in battery material prices by resourceAnnual report
「Among the primary raw materials for lithium-ion batteries, nickel prices remained in a buyer's market due to oversupply, while lithium and cobalt prices turned upward against the backdrop of supply constraints.」
In battery materials, oversupply of nickel continued, while lithium and cobalt prices turned upward against the backdrop of supply constraints, resulting in divergent market conditions by resource. - FY2025-H1Decline in battery material prices due to weaker EV demand and oversupplyAnnual report
「Average prices for cobalt, nickel and lithium, the primary raw materials for lithium-ion batteries, remained below the year-earlier levels due to weaker EV demand and oversupply.」
While the expansion of decarbonisation- and battery-related demand represents a medium- to long-term business opportunity, average prices for cobalt, nickel and lithium fell below the year-earlier levels during the interim consolidated accounting period due to weaker EV demand and oversupply. - FY2024-Q3Weak global conditions alongside firm domestic conditionsAnnual report
「Global crude steel production remained weak, while domestic crude steel production remained firm.」
While demand for recycled resources driven by decarbonisation and other factors continued to be viewed positively, regional differences emerged, with global crude steel production weak and domestic production firm. - FY2023-Q1Decline in global steel demandAnnual report
「Steel demand declined worldwide due to China's economic slowdown, Europe's energy crisis and continued supply chain disruptions, among other factors.」
While demand for recycled resources driven by decarbonisation continued to be viewed positively, steel demand declined during the quarter due to China's economic slowdown, Europe's energy crisis and supply chain disruptions. - FY2022-Q3RestatedAnnual report
「In addition to the recovery in economic activity from the COVID-19 pandemic, demand for metal scrap remained firm worldwide as recognition of the use of recycled resources grew against the backdrop of decarbonisation efforts.」
The company reconfirmed growing recognition of recycled resources, particularly the use of metal scrap, and firm demand against the backdrop of decarbonisation. - FY2021Quantification of decarbonisation-related demandAnnual report
「The primary source of iron is expected to be scrap in the future, and steel scrap demand is estimated to be approximately 3 times higher in 2050 than in 2015.」
The company newly presented an estimate that demand for steel scrap, driven by decarbonisation, will be approximately 3 times the 2015 level in 2050. It also described growing demand for critical minerals and the need for a circular economy. - FY2021-Q3First statedAnnual report
「In addition, against the backdrop of global decarbonisation efforts, the use of steel scrap has increasingly gained recognition.」
The business environment is described for the first time as one in which the use of steel scrap is gaining recognition against the backdrop of global decarbonisation efforts.