Sluggish Domestic Demand for Steel and Export Recovery
First written in FY2017-Q1. 8 of 32 entries say "Restated". Latest entry: 2026-06-03.
Rix moved to the "Worse" side of this theme in 2023, 4 years after the typical company in this theme (2019).
2 other companies' latest entry also says "Restated".
- 2026-06-03RestatedGeneral Meetings of Shareholders
「Crude steel production remained slightly lower, as the delayed recovery in the construction industry due to labor shortages and other factors continued to weigh on results.」
Weak domestic crude steel production and the delayed recovery in construction due to labor shortages continued. - FY2026-H1WorsenedAnnual report
「In Japan, crude steel production declined because of stagnant overseas economies, delays in construction work caused by labor shortages and other factors.」
The decline in domestic crude steel production was attributed to stagnant overseas economies and delays in construction work caused by labor shortages, indicating that weakness in domestic steel demand and production is intensifying. - FY2025RestatedAnnual report
「In Japan, the effects of weak domestic demand and overseas economies continued, and crude steel production declined.」
Weak domestic demand and overseas economies, together with lower domestic crude steel production, continue. - FY2025-H1WorsenedAnnual report
「In Japan, crude steel production declined under the impact of weak domestic demand and overseas economies.」
Domestic crude steel production declined against a backdrop of weak domestic demand and overseas economies. - FY2024Firm automotive demand coexists with weaker demand for industrial machineryAnnual 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.」
Steel demand for automotive applications remained firm, while demand for industrial machinery declined because of the deterioration in the Chinese economy. - FY2024-Q3Firm automotive demand coexists with weak demand for steel for exportAnnual 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.」
Demand for steel for the automotive industry remained firm, while demand for steel for export was weak because of the deterioration in the Chinese economy, indicating divergent demand trends. - FY2024-Q2Domestic crude steel production declined after a temporary increaseAnnual report
「In Japan, crude steel production temporarily turned upward but subsequently declined because of weak demand in industrial sectors and other factors.」
Although domestic crude steel production temporarily increased, it has declined again because of weak demand in industrial sectors, with recovery and weakness coexisting. - FY2024-Q1WorsenedAnnual report
「In Japan, crude steel production declined as demand for steel for both domestic and overseas markets slowed.」
The slowdown in demand for steel for domestic and overseas markets and the decline in domestic crude steel production were noted, indicating that weakness in steel demand and production is continuing. In China, crude steel production was also said to be trending lower year on year despite remaining at a high level. - FY2023WorsenedAnnual report
「In Japan, crude steel production declined as the recovery in automobile production was delayed and overseas steel demand weakened because of higher prices, interest-rate increases and other factors.」
The delayed recovery in automobile production, weaker overseas steel demand and lower domestic crude steel production were noted, indicating that weakness in steel demand and production is continuing. - FY2023-Q3WorsenedAnnual report
「In this sector, China, the world's largest crude steel producer, has stagnated, and steel demand remains weak worldwide despite regional differences. In Japan, crude steel production also declined, affected by reduced automobile production due to semiconductor shortages and weaker overseas steel demand, in line with global trends.」
China's stagnation, weak global steel demand and lower crude steel production in Japan were noted, indicating that weakness in steel demand is intensifying. - FY2023-Q2WorsenedAnnual report
「In this sector, steel demand remains weak worldwide because China, the world's largest crude steel producer, has stagnated, while the outlook for automobile production remains uncertain due to the Ukraine crisis and semiconductor shortages. In Japan, steel demand has also remained weak, affected by lower automobile production, in line with global trends.」
The weakness in steel demand in Japan and worldwide was attributed to China's stagnation, the Ukraine crisis, semiconductor shortages and reduced automobile production. - FY2023-Q1Declining crude steel production and recovering demand for industrial machinery coexistAnnual report
「In Japan, demand for industrial machinery recovered, while crude steel production declined because automobile production remained sluggish amid prolonged shortages of semiconductors and other components.」
Although demand for industrial machinery recovered, domestic crude steel production declined because automobile production remained sluggish, among other factors. - FY2022-Q3MitigatedAnnual report
「In this sector, production of both ordinary steel, which has a wide range of applications including manufacturing and construction, and specialty steel, used in automotive parts and other products, increased year on year as production activity recovered.」
Production activity for ordinary and specialty steel recovered, and crude steel production increased year on year, further easing the weakness in domestic steel demand. - FY2022-Q1MitigatedAnnual report
「In the industry, demand for steel sheets, particularly from the automotive sector, recovered, and crude steel production increased from the year-earlier level.」
The recovery in demand for automotive steel sheet and the year-on-year increase in crude steel production were noted, indicating that the weakness in domestic steel demand is easing. - FY2021WorsenedAnnual report
「In the first half of the fiscal year, demand for automotive sheet steel and construction steel fell sharply due to the spread of COVID-19, prompting major domestic steelmakers to temporarily idle blast furnaces. Demand gradually recovered in the second half, and crude steel production in China increased overseas, but the effects of blast furnace shutdowns persisted in Japan, resulting in a substantial decline in domestic crude steel production from the previous fiscal year.」
Although demand recovered in the second half of the fiscal year, the temporary idling of domestic blast furnaces and the substantial decline in crude steel production were reported, increasing the risk of weak domestic demand. - FY2021-Q3MitigatedAnnual report
「In Japan, domestic crude steel production was trending upward month on month, but remained below the year-earlier level. However, demand from major manufacturing sectors such as automobiles and appliances was trending toward recovery, and signs of recovery emerged as blast furnaces that had been idled in response to the sharp decline in demand resumed operations.」
Although crude steel production remained below the year-earlier level, the recovery in demand from the automotive and appliance sectors and the restart of blast furnaces were highlighted, indicating that weakness in domestic steel demand had eased somewhat. - FY2021-Q2Weak construction demand coexists with a recovery trend in automotive demandAnnual report
「In Japan, domestic crude steel production was trending upward month on month, but remained below the year-earlier level. Demand for construction-related steel products was weak, while demand from industries centered on automobiles was trending toward recovery, although the outlook remained difficult to predict.」
Although crude steel production was trending upward month on month, the year-on-year decline and weak construction demand continued, while demand from automobile-centered industries showed signs of recovery. - FY2021-Q1WorsenedAnnual report
「In Japan, the decline in domestic crude steel production continued unabated, demand for construction-related steel products was weak, and industrial demand, particularly from the automotive sector, also remained weak, leaving the outlook extremely uncertain.」
Although construction and automotive demand had previously been considered firm or resilient, the decline in crude steel production continued, and industrial demand, particularly from construction and automotive sectors, became weak. - FY2020-Q3Firm construction demand and weak automotive and industrial machinery demandAnnual report
「In Japan, demand for steel products used in construction, including the redevelopment of buildings in the Tokyo metropolitan area and warehouses, remained firm, but demand from the automotive and industrial machinery sectors was weak, leaving the outlook uncertain.」
While construction demand remained firm, demand from the automotive and industrial machinery sectors was also weak, indicating a shift in the demand mix. - FY2020-Q2Firm construction demand coexists with weak automotive demandAnnual report
「In Japan, demand for steel products used in construction, including the redevelopment of buildings in the Tokyo metropolitan area and warehouses, remained firm, but automotive demand was weak, leaving the outlook uncertain.」
The previous broad-based strength in construction and automotive demand has shifted, with construction demand remaining firm while automotive demand is weak. - FY2020-Q1RestatedAnnual report
「In Japan, demand for steel products used in construction, including the redevelopment of buildings in the Tokyo metropolitan area and warehouses, remained firm, while automotive demand also held up, allowing the industry to remain generally healthy.」
Firm domestic demand for steel products from construction and automotive sectors and the overall strength of the steel industry have continued. - FY2019RestatedAnnual report
「Demand for steel products used in construction, including the redevelopment of buildings in the Tokyo metropolitan area and warehouses, remained firm, while automotive demand also held up, allowing the industry to remain generally healthy.」
Firm construction demand and resilient automotive demand continued, and the steel industry was considered generally healthy. - FY2019-Q3RestatedAnnual report
「Demand for steel products used in construction, including the redevelopment of buildings in the Tokyo metropolitan area and warehouses, remained firm, while automotive demand also held up, allowing the industry to remain generally healthy.」
Firm construction demand and resilient automotive demand continued, and the steel industry was considered generally healthy. - FY2019-Q2MitigatedAnnual report
「Demand for steel products used in construction, including the redevelopment of buildings in the Tokyo metropolitan area and warehouses, remained firm, while demand from the automotive sector also held up. Rising global steel prices provided an additional tailwind, and the industry remained generally healthy.」
Compared with previously weak domestic steel demand, construction and automotive demand was firm or held up, and the steel industry was considered generally healthy. - FY2019-Q1MitigatedAnnual report
「In the industry, demand for construction, including urban redevelopment, and automobiles was strong, and the pass-through of higher steel product prices also contributed, allowing the industry to remain generally healthy.」
The steel industry remained generally healthy as demand from construction and automobiles was strong and higher steel prices were successfully passed through. - FY2018-Q3RestatedAnnual report
「In the industry, domestic crude steel production continued to hold up, driven mainly by domestic demand from manufacturing sectors such as automobiles and construction demand related to the Tokyo Olympics and Paralympics. Although there were concerns about worsening steel market conditions in China, no signs of deterioration emerged, and steel demand in the United States, Europe and ASEAN countries, among others, remained firm.」
The resilience of domestic crude steel production and strength in overseas steel demand have continued. Although there are concerns about steel market conditions in China, no signs of deterioration have reportedly emerged. - FY2018-Q2RestatedAnnual report
「In the industry, domestic crude steel production continued to hold up, driven mainly by domestic demand from manufacturing sectors such as automobiles and construction demand related to the Tokyo Olympics and Paralympics. Overseas steel demand remained firm in the United States, Europe and ASEAN countries, among others, despite signs of softening due to inventory adjustments, while domestic demand in China also remained firm.」
The resilience of domestic crude steel production and strength in overseas steel demand have continued. At the same time, signs of softening attributable to inventory adjustments were also evident overseas. - FY2018-Q1MitigatedAnnual report
「In the industry, domestic crude steel production remained firm, driven mainly by domestic demand from manufacturing sectors such as automobiles. Overseas steel demand also remained firm in the United States, Europe and ASEAN countries, among others, while domestic demand in China continued to hold up.」
Domestic crude steel production remained firm, and overseas steel demand was considered solid in the United States, Europe, ASEAN and China, further easing the previous risk of weak domestic demand. - FY2017MitigatedAnnual report
「In addition, as inventory adjustments progressed, domestic crude steel production slightly exceeded the year-earlier level for the first time in 3 years.」
Domestic crude steel production exceeded the year-earlier level for the first time in 3 years, providing further evidence of improvement from the previously weak domestic demand conditions. - FY2017-Q3MitigatedAnnual report
「In the industry, domestic crude steel production showed signs of improvement as domestic demand from the automotive and construction sectors recovered.」
Compared with previously weak domestic steel demand, the recovery in domestic demand from the automotive and construction sectors and signs of improvement in domestic crude steel production were highlighted. - FY2017-Q2RestatedAnnual report
「In the industry, demand for steel products from both manufacturing and construction lacked strength, and domestic crude steel production was only slightly above the year-earlier level. Globally, crude steel production was trending down in Europe and the United States, while Asian producers, including China, India and South Korea, continued to increase production.」
Weak domestic demand for steel products from manufacturing and construction has continued. Domestic crude steel production was reportedly only slightly above the year-earlier level. - FY2017-Q1First statedAnnual report
「In the industry, domestic demand for steel products used in automobiles and construction was weak, but domestic crude steel production slightly exceeded the year-earlier level as exports recovered.」
The steel industry’s supply-demand conditions are described as reflecting both weak domestic demand and an export recovery.