According to the quarterly report announced by July 30, 2012/2013 fiscal first quarter (April 2012 to June), Japanese steelmakers Nippon Steel, Nippon Steel, Sumitomo Metal Industries (Sumitomo Metal Industries) and Kobe Iron and Steel (Kobe Steel) by the previous year's net profit into a net loss.
The three steelmakers crude steel production in the first quarter of this fiscal year were 8.29 million tons, 3.07 million tons and 1.66 million tons, together accounted for 47 percent of Japan for the quarter crude steel production of 27.5 million tons. (Note: Japan's second largest steel producer JFE Steel is not currently published quarterly). They also said that the Japanese economy is gradually recovering, demand is relatively strong domestic automotive and industrial machinery industries such as steel, shipbuilding industry needs is more sluggish, but the downturn in the overseas markets will put pressure on exports, is expected during the first half of this fiscal year ( April 2012 and September) will remain a net loss position.
Nippon Steel, the first quarter of 85 billion yen net loss of 87.5 billion yen, half of the fiscal year Pre-losing
Japan's largest steelmaker, Nippon Steel has announced the quarterly report, the first quarter of 2012/2013 fiscal year (April 2012 to June), the net loss of 87.53 billion yen the previous year net profit of 29.09 billion yen, and the provision for loss of value of investments in securities have fallen sharply due to the main business profit.
Report data show that in the first quarter of this fiscal year, Nippon Steel net sales (net sales) fell 2.5 percent to 960.684 billion yen; operating profit of -62.68 one hundred million yen the same period of last fiscal year operating profit of 38.591 billion days ; recurring profit fell 83.7 percent to 9.284 billion yen.
Nippon Steel said that despite the yen's exchange rate has remained at high levels, but rebounded to nearly the level before the earthquake in Japan in March 2011 with the production activities, and emerging reconstruction needs of the government stimulus policies support active consumer spending and private investment capital, the Japanese economy gradually recovers, the process continues.
Nippon Steel said that Japan's domestic steel demand in general still has not changed much from the construction, automotive and industrial machinery industry needs to remain stable, the shipbuilding industry of the sharp decline in demand; some recovery in support of the flood disaster production activities in Thailand The increase in steel exports in Asian emerging market countries. In the first quarter of this fiscal year, Japan's crude steel production of 27.5 million tons, an increase of 930,000 tons.
Nippon Steel also said that due to the yen exchange rate at a historic high and the supply of steel from South Korea and China continued strong excess supply of the East Asian market and weakened the export competitiveness of the company's steel production and raw material markets has slowed down; In the highly competitive environment, the company continued to maximize the improvements in cost. Nippon Steel steelmaking and steel manufacturing operations in the first quarter of this fiscal year, net sales of 823.6 billion yen, down 3.3 percent, recurring profit of ? 6.6 billion, down 86.3 percent.
Nippon Steel said it expected demand for Japan's domestic construction industry, automotive industry and industrial machinery industry will continue to maintain strong exports to the Southeast Asian market will continue strong, while some large steel mills cut product prices due to oversupply of the East Asian markets, steel market environment is getting worse; the profit margins of the major steel mills and other (Asian) countries is expected to remain under pressure, the relative stability of Japan's steel demand will make the price of steel is expected to start out of the bottom. Based on this, Nippon Steel is expected in the first half of this fiscal year (April 2012 to September) the company's net sales fell 3.8 percent to 1.95 trillion yen, recurring profit of 10 billion yen net loss of 85 billion yen.
Report data show that for the fiscal first quarter of Nippon Steel's crude steel production of 8.29 million tons the previous year to 8.3 million tons, second-quarter production is expected to be approximately 8.6 million tons from 8.31 million the previous year t; the first quarter steel shipments of 7.46 million tons, 7.4 million tons higher than the previous year, the second quarter shipments are expected to be approximately 7.7 million tons, 7.28 million tons higher than the previous year .
Nippon Steel said, for the fiscal first quarter of the company's average selling price of steel products for ? 80,000 / ton, lower than the previous year's ? 85,800 / ton, the average price for the second quarter is expected to be approximately 7.9 yen / ton, significantly lower than the same period in fiscal year of ? 89,800 / ton; exports in the first quarter rate (proportion of total sales of steel products exports) was 42.2%, higher than the previous year 41.9% is expected in the second quarter, the export rate of about 41%, 40.1% higher than the previous year.
Other News:
Japan's three major steel mills in the first quarter of this fiscal year from su
U.S. State Department said in a statement to exacerbate the tensions of the Sout
The steel trade involved steel winter: Bank centralized prosecution debt collect
Italian Prime Minister: the euro could become EU disintegration ＂powder keg＂
Olympic on the 7th: ＂Sino-US hegemony＂ white-hot gold medal championship is easy
The steel trade involved steel winter: Bank centralized prosecution debt collect
Russia faced the embarrassment of raising the flag of Chinese flag hanging in hi
Construction steel has been significant decline down the possibility of
