Nippon Yakin Kogyo Gains High Rank in Hot Rolled Stainless Steel Output in F2010

Japanese hot rolled stainless steel sheet output increased by 10.7% to 2.41 million tonnes in fiscal 2010 ending March 2011 from fiscal 2009, which increased for the first time in 3 years. Nippon Yakin Kogyo raised rank to forth from fifth in the production share when the firm increased production for offshore environment and energy related demand. On the other hand, Nippon Metal Industry moved down on the list to fifth.

Nippon Steel group including Nippon Steel and Sumikin Stainless Steel Corporation (NSSC) kept the first position. The production increased by 2.6% to 739,270 tonnes in fiscal 2010 from fiscal 2009, but the production share decreased by 2.4 percentage points to 30.7%.

As for second maker, Nisshin Steel, the production increased by 2.3% to 536,043 tonnes in fiscal 2010 from fiscal 2009 while the share decreased by 1.9 points to 22.2%.

JFE Steel was third position and the firm increased the production by 34.0% to 528,951 tonnes due to increased chrome series products export, and the share by 3.8 points to 21.9% and closed to Nisshin Steel.

Nippon Yakin’s production increased by 22.8% to 314,099 tonnes in fiscal 2010 from fiscal 2009. The firm raised the share by 1.3 points to 13.0% when the firm increased the sales of high functional products by 39.3% mainly in offshore market. Nippon Metal Industry increased the production by 2.9% to 277,481 tonnes for mainly nickel series products, but decreased the share by 0.9 points to 11.5%.

Related Posts

No related posts.