Fluctuations in Steel, Ferrous Scrap and Fuel Prices
First written in FY2016. 13 of 37 entries say "Worsened", first in FY2017-Q3. Latest entry: 2026-11-06.
Topy Industries,Limited moved to the "Worse" side of this theme in 2018, 1 year before the typical company in this theme (2019).
The whole theme swung hardest in 2021: 17 of 35 companies on the "Worse" side.
12 other companies' latest entry also says "Worsened".
- FY2026The shift from falling scrap steel prices to rising prices in the second half of the fiscal yearAnnual report
「Domestic demand for steel products remained weak in the steel industry due to delays in construction project schedules caused by labor shortages and other factors. Scrap steel prices, the raw material, rose in the second half of the fiscal year, partly due to the impact of the weaker yen.」
The pattern changed from scrap steel prices being lower year on year through the previous period to rising prices in the second half of fiscal 2025, partly due to the impact of the weaker yen. - 2026-05-12WorsenedResults
「Domestic demand for steel products remained weak in the steel industry due to delays in construction project schedules caused by labor shortages and other factors. Scrap steel prices, the raw material, rose in the second half of the fiscal year, partly due to the impact of the weaker yen.」
国内鋼材需要の低調さに加え、鉄スクラップ価格が上昇する状況が記載され、鉄鋼収益を圧迫する価格・需要環境が悪化した。 - FY2026-H1RestatedAnnual report
「Domestic demand for steel products remained weak in the steel industry due to delays in construction project schedules and other factors. Scrap steel prices, the raw material, were below the prior-year period.」
The disclosure continues to describe weak domestic demand for steel products and scrap steel prices remaining below the prior-year period. - FY2025The coexistence of falling scrap steel prices and rising energy costsAnnual report
「Scrap steel prices, the raw material, were below the prior fiscal year. Against this backdrop, the Group reported net sales of ¥102,618 million, down 7.4% year on year, and operating profit of ¥6,355 million, down 34.1%, due to lower steel product sales volumes amid weak demand and higher energy costs.」
While scrap steel prices were below the prior fiscal year, the pattern changed as higher energy costs and weak demand put pressure on earnings. - FY2025-H1WorsenedAnnual report
「Scrap steel prices also remained high. Against this backdrop, the spread against scrap steel prices, the raw material, narrowed due to lower selling prices amid stagnant demand. As a result, the Group reported net sales of ¥51,517 million, down 5.1% year on year, and operating profit of ¥2,782 million, down 39.7%.」
With scrap steel prices remaining high, the spread narrowed due to stagnant domestic demand for steel products and lower selling prices, resulting in a 39.7% year-on-year decline in operating profit in the steel segment. - FY2024-Q3The coexistence of stabilizing scrap steel prices and persistently high electricity pricesAnnual report
「Domestic crude steel production fell below the prior-year level, as demand for steel products from manufacturers recovered while construction-related demand stagnated. Scrap steel prices showed no significant change, while electricity prices remained high despite being on a downward trend.」
Scrap steel prices were largely unchanged, while electricity prices remained high despite trending downward, changing the pattern of price risk. - FY2024-Q2The coexistence of lower scrap steel and electricity prices with prices remaining highAnnual report
「Scrap steel prices were lower than in the prior-year period, while electricity prices remained high despite being on a downward trend.」
The price structure changed, with scrap steel prices lower year on year and electricity prices also trending downward, although both remained at high levels. - FY2024-Q1The coexistence of falling scrap steel prices and high energy and auxiliary material costsAnnual report
「Domestic crude steel production fell below the prior-year level, reflecting declines in demand for steel products in the construction and manufacturing sectors, the industry's main markets. Scrap steel prices fell year on year, while prices for energy, auxiliary materials and other items remained high.」
Scrap steel prices fell year on year, while energy and auxiliary material prices remained high, changing the previous pattern centered on elevated scrap steel prices. - FY2023-Q3RestatedAnnual report
「Demand for steel products from the construction and manufacturing sectors remained firm. Scrap steel prices, the primary raw material, remained high, while electricity and auxiliary material prices also remained elevated.」
The continued high levels of electricity and auxiliary material prices, in addition to elevated scrap steel prices, were reconfirmed. - FY2023-Q2RestatedAnnual report
「Demand for steel products from the construction and manufacturing sectors remained firm. Although scrap steel prices, the primary raw material, temporarily declined, they remained at high levels, while energy and auxiliary material prices also remained high.」
Scrap steel prices remained high despite a temporary decline, while energy and auxiliary material prices also remained elevated. The cost-increase risk through the previous quarter was reconfirmed. - FY2023-Q1WorsenedAnnual report
「Costs for coal, energy, auxiliary materials and logistics continued to rise, leaving the business environment surrounding the Group uncertain going forward.」
In addition to the previous increases in scrap steel prices and other costs, costs for coal, energy, auxiliary materials and logistics have continued to rise. - FY2022-Q3WorsenedAnnual report
「The steel industry remained in a difficult position due to higher prices for scrap steel, its primary raw material, as well as energy and other costs.」
In addition to surging scrap steel prices, higher energy prices were also highlighted, expanding raw material and energy price risk. - FY2022-Q2RestatedAnnual report
「The steel industry remained in a difficult position as scrap steel prices, its primary raw material, continued to rise from the second half of the previous fiscal year.」
The continued rise in scrap steel prices since the second half of the previous fiscal year was reconfirmed. - FY2022-Q1WorsenedAnnual report
「Meanwhile, in the electric furnace sector, scrap steel prices, its primary raw material, continued to rise from the second half of the previous fiscal year amid a sharp increase in Chinese steel demand following the recovery from the COVID-19 pandemic, leaving the sector in a difficult position.」
Scrap steel prices have continued to rise since the second half of the previous fiscal year, driven by a sharp increase in Chinese steel demand. - FY2021-Q3WorsenedAnnual report
「The steel industry faced a sharp decline in demand from manufacturers, and crude steel production fell substantially. Meanwhile, the electric furnace sector remained in a difficult position as scrap steel prices, its primary raw material, surged in the third quarter amid a sharp increase in Chinese steel demand following the recovery from the COVID-19 pandemic.」
Amid a sharp decline in demand from manufacturers, scrap steel prices surged in the third quarter on the back of a sharp increase in Chinese steel demand, heightening raw material price risk. - FY2021-Q2A shift toward higher ferrous scrap prices accompanied a decline in demand for steel products.Annual report
「In the steel industry, demand from the manufacturing sector declined sharply, and crude steel production fell well below the level recorded in the same period of the previous year. Under these conditions, the electric furnace steel industry faced difficult circumstances, including a shift toward higher ferrous scrap prices, a principal raw material.」
The shift from falling to rising scrap steel prices through the previous quarter was noted, alongside a sharp decline in demand for steel products from manufacturers. - FY2021-Q1Declining demand for steel products coexisted with falling ferrous scrap prices.Annual report
「As economic activity stagnated due to the spread of COVID-19, domestic demand in the electric furnace steel industry declined sharply in both the construction and manufacturing sectors. Meanwhile, ferrous scrap prices, a principal raw material, declined compared with the same period of the previous year.」
Regarding raw material price risk, the situation was reported as differing from the previous surge in ferrous scrap and other prices, with domestic demand for steel products declining sharply and ferrous scrap prices falling year on year. - FY2020RestatedAnnual report
「In the electric furnace steel industry, demand for steel products remained sluggish in both the construction and manufacturing sectors. Meanwhile, ferrous scrap prices, a principal raw material, fell sharply from the beginning of the period.」
The price structure in which demand for steel products remains sluggish while ferrous scrap prices decline is being reconfirmed. - FY2020-Q3Ferrous scrap prices declined while auxiliary material and energy prices remained high.Annual report
「In the electric furnace steel industry, demand for steel products remained sluggish in both the construction and manufacturing sectors. Meanwhile, ferrous scrap prices, a principal raw material, fell sharply from the beginning of the period.」
While demand for steel products remained sluggish, ferrous scrap prices fell sharply from the beginning of the period. Auxiliary material and energy prices remained high, resulting in a price structure different from the previous surge in raw material prices. - FY2020-Q2RestatedAnnual report
「In the electric furnace steel industry, demand for steel products declined in both the construction and manufacturing sectors. In addition, prices for auxiliary materials and energy remained high, while ferrous scrap prices, a principal raw material, declined.」
The situation in which ferrous scrap prices declined while auxiliary material and energy prices remained high was reconfirmed. - FY2020-Q1Ferrous scrap prices declined while auxiliary material prices remained high.Annual report
「Although ferrous scrap prices, a principal raw material, declined, cost conditions remained difficult as prices for auxiliary materials such as electrodes and ferroalloys remained high.」
The raw material price risk profile changed from rising and persistently high ferrous scrap prices to a situation in which ferrous scrap prices declined while prices for auxiliary materials such as electrodes and ferroalloys remained high. - FY2019RestatedAnnual report
「Cost conditions remained difficult, including persistently high ferrous scrap prices and surging prices for auxiliary materials such as electrodes and ferroalloys.」
The continuation of persistently high ferrous scrap prices and surging prices for auxiliary materials such as electrodes and ferroalloys was reconfirmed. - FY2019-Q3Ferrous scrap prices declined while auxiliary material prices continued to surge.Annual report
「Although ferrous scrap prices, a principal raw material, began to decline from the third quarter, prices for auxiliary materials such as electrodes and ferroalloys continued to surge, leaving cost conditions difficult.」
The raw material price risk profile changed: ferrous scrap prices began to decline, while prices for auxiliary materials such as electrodes and ferroalloys continued to surge. - FY2019-Q2RestatedAnnual report
「In addition to ferrous scrap prices, prices for auxiliary materials such as ferroalloys and electricity charges continued to surge, and difficult conditions continued.」
Surging prices for ferrous scrap, auxiliary materials and electricity charges continued. - FY2019-Q1RestatedAnnual report
「In addition to ferrous scrap prices, prices for auxiliary materials such as ferroalloys and electricity charges surged, and difficult conditions continued.」
Surging prices for auxiliary materials and electricity charges continued in addition to ferrous scrap prices. - FY2018WorsenedAnnual report
「In addition to higher ferrous scrap prices, prices for auxiliary materials such as ferroalloys and electricity charges also surged, and difficult conditions continued.」
In addition to higher ferrous scrap prices, surging prices for auxiliary materials and electricity charges increased the risk of fluctuations in raw material and energy costs. - FY2018-Q3WorsenedAnnual report
「In addition to the continued upward trend in ferrous scrap prices, prices for auxiliary materials also surged.」
In addition to continued increases in ferrous scrap prices, prices for auxiliary materials also surged, increasing the risk of fluctuations in raw material and material prices. - FY2018-Q2RestatedAnnual report
「Ferrous scrap prices, a principal raw material, fell temporarily at the beginning of the period but then continued to rise. In this environment, the Group worked to improve selling prices against a backdrop of expanding demand for steel products. As a result, the spread over ferrous scrap prices widened, and net sales amounted to ¥33.164 billion, up 9.6% year on year, while operating profit amounted to ¥1.676 billion, up 58.8%.」
Although ferrous scrap prices continued to rise, the spread widened through improved selling prices, and efforts to address higher raw material prices continued. - FY2018-Q1MitigatedAnnual report
「Ferrous scrap prices exceeded the level recorded in the same period of the previous year, following a sharp rise in the second half of the previous fiscal year. In this environment, the Group worked to improve selling prices in response to the increase in ferrous scrap prices, and net sales amounted to ¥16.25 billion, up 1.4% year on year.」
Although ferrous scrap prices exceeded the level recorded in the same period of the previous year, progress was made in addressing higher raw material prices by improving selling prices. - FY2017-Q3WorsenedAnnual report
「In addition, difficult conditions continued, including a sharp increase in ferrous scrap prices, a principal raw material, during the third quarter.」
Ferrous scrap prices shifted from their previous upward trend to a sharp increase in the third quarter, heightening raw material price risk. - FY2017-Q2MaterialisedAnnual report
「In addition, difficult conditions continued as ferrous scrap prices, a principal raw material, continued to rise while market conditions for steel products remained weak.」
The simultaneous increase in ferrous scrap prices and deterioration in market conditions for steel products affected the earnings environment for the steel business. - FY2017-Q1MaterialisedAnnual report
「In addition, difficult conditions continued, including a shift toward higher prices for ferrous scrap, a principal raw material.」
The actual increase in ferrous scrap prices affected the earnings environment for the steel business. - FY2016First statedAnnual report
「Prices for steel products, ferrous scrap and fuel, which are among the Group’s principal raw materials, may fluctuate significantly in response to international economic conditions. If raw material prices rise sharply and the Group is unable to establish appropriate product prices, this may affect the Group’s business results and financial condition.」
The risk of surging raw material prices and difficulty passing these increases through to product prices was identified.