China's Excess Supply and Global Trade Frictions
First written in FY2017-Q1. 11 of 18 entries say "Worsened", first in FY2019-Q1. Latest entry: 2026-08-07.
Rix moved to the "Worse" side of this theme in 2018, 2 years before the typical company in this theme (2020).
The whole theme swung hardest in 2024: 8 of 13 companies on the "Worse" side.
4 other companies' latest entry also says "Restated".
- FY2026-H1India’s increased production and continued declines in Chinese and global crude steel outputAnnual report
「Crude steel production continued to increase year on year in India, where economic development has been rapid, but declined in China, the world’s largest producer, partly because the economic downturn continued. Global crude steel production remained slightly below the year-earlier level.」
Higher crude steel production in India coexisted with lower production in China and a slight global decline, indicating that regional differences have persisted. - FY2025India’s increased production coexists with declines in Chinese and global crude steel outputAnnual report
「In the steel industry, crude steel production increased year on year in India, where economic development has been rapid, but declined slightly year on year in China, the world’s largest producer. Global crude steel production also remained slightly below the year-earlier level.」
While crude steel production in China and worldwide declined slightly year on year, production increased in India, indicating regional differences. - FY2025-H1WorsenedAnnual report
「Globally, the impact of the economic downturn continued in China, the world’s largest producer. Although regional differences were evident, global crude steel production remained sluggish.」
The report states that China’s economic downturn continued and global crude steel production also remained sluggish, with concerns about the Chinese economy and steel demand persisting. - FY2024WorsenedAnnual report
「In Japan, demand from the automotive industry remained firm, but demand from the industrial machinery sector showed signs of decline due to the deterioration of the Chinese economy.」
The report states that the deterioration of the Chinese economy has led to weaker demand from the industrial machinery sector, with risks related to the Chinese economy and overseas demand continuing. - FY2024-Q3WorsenedAnnual report
「In Japan, demand from the recovering automotive industry remained firm, but demand for export-oriented steel products remained sluggish due to the deterioration of the Chinese economy.」
The report states that the deterioration of the Chinese economy has led to sluggish demand for export-oriented steel products, strengthening risks related to the Chinese economy and overseas steel demand. - FY2020-Q3WorsenedAnnual report
「Overseas, the outlook remained uncertain as steel demand weakened due to economic slowdowns in China and Southeast Asia associated with the prolonged U.S.-China trade dispute.」
Economic slowdowns in China and Southeast Asia associated with the prolonged U.S.-China trade dispute, along with weaker steel demand, were highlighted, increasing uncertainty in overseas steel markets. - FY2020-Q2WorsenedAnnual report
「Overseas, the outlook remained uncertain amid the impact of U.S. restrictions on steel imports, China’s economic slowdown and the slowing trend in emerging economies such as Thailand, Indonesia and Malaysia.」
In addition to U.S. restrictions on steel imports, economic slowdowns in China and several emerging countries were highlighted, broadening the sources of uncertainty in overseas steel markets. - FY2020-Q1WorsenedAnnual report
「Overseas, the outlook remained uncertain amid the impact of U.S. restrictions on steel imports, China’s economic slowdown and slowing economies in emerging countries such as Thailand, Indonesia and Malaysia.」
In addition to U.S. restrictions on steel imports, economic slowdowns in China and several emerging countries were highlighted, increasing uncertainty in overseas steel markets. - FY2019RestatedAnnual report
「Overseas, the impact of U.S. restrictions on steel imports remained limited, but China’s economic slowdown intensified and steel market conditions in Asia softened, leaving the outlook uncertain.」
U.S. restrictions on steel imports, China’s economic slowdown and softer Asian steel market conditions continue to be cited as sources of uncertainty in overseas steel markets. - FY2019-Q3WorsenedAnnual report
「Overseas, the impact of U.S. restrictions on steel imports remained limited, but China’s economic slowdown intensified and steel market conditions in Asia softened, leaving the outlook uncertain.」
In addition to U.S. restrictions on steel imports, China’s intensifying economic slowdown and softer Asian steel market conditions were highlighted, increasing uncertainty in overseas steel markets. - FY2019-Q2WorsenedAnnual report
「Overseas, the outlook remained uncertain, with an economic slowdown foreseeable due to U.S. restrictions on steel imports and escalating U.S.-China trade friction.」
The economic slowdown resulting from U.S. restrictions on steel imports and escalating U.S.-China trade friction has emerged as a downside factor for steel demand. - FY2019-Q1WorsenedAnnual report
「Overseas, demand for steel products in China remained strong, but the outlook remained uncertain, with downside risks foreseeable from punitive tariffs imposed by the United States and China.」
While demand for steel products in China was considered strong, downside risks from punitive U.S. and Chinese tariffs were highlighted, indicating that the risk of trade tensions is becoming more concrete and severe. - FY2018-Q3RestatedAnnual report
「As for overseas steel demand, there were concerns about worsening steel market conditions in China, but no signs of deterioration emerged. The United States, Europe and ASEAN countries, among others, remained firm, and demand continued to hold up.」
Although concerns were expressed about worsening steel market conditions in China, no actual deterioration occurred, and overseas steel demand was considered firm. - FY2017-Q3RestatedAnnual report
「In addition, global crude steel production remained above the year-earlier level as China continued to increase production.」
The report states that China continued to increase production, with global crude steel production exceeding the year-earlier level. - FY2017-Q1First statedAnnual report
「Crude steel production increased slightly year on year in June, partly because China shifted toward higher production. At the same time, global trade tensions have emerged in response to China’s oversupply, including the United States’ decision to impose anti-dumping duties on cold-rolled steel products from China and Japan.」
The report states that China’s oversupply has led to anti-dumping duties and trade tensions.