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Home»Explore industries/sectors»Iron and Steel»Nippon Steel Reverses Losses with 220 Billion Yen Profit Forecast for Fiscal Year Ending March 2026 – News and Statistics
Iron and Steel

Nippon Steel Reverses Losses with 220 Billion Yen Profit Forecast for Fiscal Year Ending March 2026 – News and Statistics

By IslaMay 15, 202611 Mins Read
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May 15, 2026

Japan’s largest steelmaker, Nippon Steel, has announced a sharp increase in projected net profit for the fiscal year ending in March, according to a report by Scrap Monster. The company now expects a net profit of 220 billion yen, equivalent to $1.4 billion, as the impact of one-time losses diminishes.

This optimistic forecast follows a challenging previous financial year, during which Nippon Steel recorded a 95% drop in profit, falling to 17.2 billion yen. The company had acquired U.S. Steel last year for $15 billion, pledging substantial investments in the American firm.

In February, Nippon Steel had anticipated a loss of 70 billion yen for the year that ended in March, attributing the projected deficit partly to a fire at a blast furnace and expenses connected to the U.S. Steel acquisition. However, the company managed to return to profitability through enhanced cost-cutting measures, as well as gains from inventory and foreign exchange valuations, even as raw material prices climbed and the yen remained weak.

Looking ahead, Nippon Steel expects a negative impact of roughly 50 billion yen from risks related to the Middle East during the first quarter. The company stated it is not yet able to assess the full-year impact of these risks.

The broader Japanese steel industry is feeling the effects of the ongoing U.S.-Israeli war on Iran, which has triggered fuel supply shortages and commodity price increases. Earlier this month, rival Japanese steelmakers JFE Holdings and Kobe Steel warned of potential cost increases and possibly lower sales. JFE Holdings, the nation’s second-largest steelmaker, noted on May 8 that it is working to raise the sales price of steel products in response to rising raw material costs, including those for coking coal.

Interactive table based on the Store Companies dataset for this report.


# Company Headquarters Focus Scale Note
1 Nippon Steel Corporation Tokyo Raw Steel, Pig Iron Global leader Japan’s largest steelmaker
2 JFE Holdings, Inc. Tokyo Raw Steel, Pig Iron Major global Second largest in Japan
3 Kobe Steel, Ltd. Kobe Steel, Aluminum, Machinery Major Integrated steel producer
4 Nisshin Steel Co., Ltd. Tokyo Stainless, Carbon Steel Major Part of Nippon Steel group
5 Tokyo Steel Manufacturing Co., Ltd. Tokyo Electric Arc Furnace Steel Major Largest EAF producer in Japan
6 Daido Steel Co., Ltd. Nagoya Specialty Steel Major Special steel producer
7 Aichi Steel Corporation Tokai, Aichi Specialty Steel, Forgings Major Toyota Group affiliate
8 Sanyo Special Steel Co., Ltd. Himeji Specialty Steel Major Special steel long products
9 Nippon Koshuha Steel Co., Ltd. Tokyo Tool Steel, Specialty Steel Medium Special steel maker
10 Japan Casting & Forging Corp. Kitakyushu Steel Castings, Forgings Medium Part of Nippon Steel group
11 TOKUSHU KINZOKU EXCEL CO., LTD. Tokyo Stainless, High-grade Steel Medium Specialty steel processor
12 Yodogawa Steel Works, Ltd. Osaka Steel Sheets, Processing Medium Steel processing
13 Nakayama Steel Works, Ltd. Osaka Steel Products Medium Steel manufacturer
14 Kyoei Steel Ltd. Osaka Steel Bars, Shapes Medium Steel bar producer
15 Godoa Steel, Ltd. Tokyo Steel Bars, Wire Rods Medium Bar and rod producer
16 Osaka Steel Co., Ltd. Osaka Steel Bars, Wire Rods Medium Bar and rod producer
17 Tohoku Steel Co., Ltd. Tokyo Special Steel Bars Medium Special steel bar maker
18 Nippon Yakin Kogyo Co., Ltd. Tokyo Stainless Steel Medium Stainless steel producer
19 Hitachi Metals, Ltd. (Legacy) Tokyo Specialty Steel, Castings Major Now part of Proterial
20 Proterial, Ltd. (ex-Hitachi Metals) Tokyo Specialty Steel, Materials Major Includes former Hitachi Metals
21 Mitsubishi Steel Mfg. Co., Ltd. Tokyo Specialty Steel, Springs Medium Special steel products
22 Japan Stainless Steel Co. Tokyo Stainless Steel Medium Stainless steel maker
23 Nippon Denko Co., Ltd. Tokyo Ferroalloys, Steel Medium Ferroalloy producer
24 Kawasaki Steel Corporation (Legacy) Tokyo Integrated Steel Major Now part of JFE Steel
25 NKK Corporation (Legacy) Tokyo Integrated Steel Major Now part of JFE Steel
26 Iwaki Steel Co., Ltd. Tokyo Steel Castings Medium Steel casting specialist
27 Kawasaki Heavy Industries (Steel) Tokyo Steel Structures Medium Steel manufacturing division
28 Sumitomo Metal Industries (Legacy) Tokyo Integrated Steel Major Now part of Nippon Steel
29 Ataka & Co., Ltd. (Industrial) Tokyo Steel Trading, Processing Medium Steel trading and processing
30 Topy Industries, Ltd. Tokyo Steel Wheels, Parts Medium Steel wheel manufacturer

This report provides a comprehensive view of the raw steel and pig iron industry in Japan, tracking demand, supply, and trade flows across the national value chain. It explains how demand across key channels and end-use segments shapes consumption patterns, while also mapping the role of input availability, production efficiency, and regulatory standards on supply.

Beyond headline metrics, the study benchmarks prices, margins, and trade routes so you can see where value is created and how it moves between domestic suppliers and international partners. The analysis is designed to support strategic planning, market entry, portfolio prioritization, and risk management in the raw steel and pig iron landscape in Japan.

Quick navigation

Key findings

  • Domestic demand is shaped by both household and industrial usage, with trade flows linking local supply to imports and exports.
  • Pricing dynamics reflect unit values, freight costs, exchange rates, and regulatory shifts that affect sourcing decisions.
  • Supply depends on input availability and production efficiency, creating a distinct national cost curve.
  • Market concentration varies by segment, creating different competitive landscapes and entry barriers.
  • The 2035 outlook highlights where capacity investment and demand growth are most aligned within the country.

Report scope

The report combines market sizing with trade intelligence and price analytics for Japan. It covers both historical performance and the forward outlook to 2035, allowing you to compare cycles, structural shifts, and policy impacts.

  • Market size and growth in value and volume terms
  • Consumption structure by end-use segments
  • Production capacity, output, and cost dynamics
  • Trade flows, exporters, importers, and balances
  • Price benchmarks, unit values, and margin signals
  • Competitive context and market entry conditions

Product coverage

Country coverage

Country profile and benchmarks

This report provides a consistent view of market size, trade balance, prices, and per-capita indicators for Japan. The profile highlights demand structure and trade position, enabling benchmarking against regional and global peers.

Methodology

The analysis is built on a multi-source framework that combines official statistics, trade records, company disclosures, and expert validation. Data are standardized, reconciled, and cross-checked to ensure consistency across time series.

  • International trade data (exports, imports, and mirror statistics)
  • National production and consumption statistics
  • Company-level information from financial filings and public releases
  • Price series and unit value benchmarks
  • Analyst review, outlier checks, and time-series validation

All data are normalized to a common product definition and mapped to a consistent set of codes. This ensures that comparisons across time are aligned and actionable.

Forecasts to 2035

The forecast horizon extends to 2035 and is based on a structured model that links raw steel and pig iron demand and supply to macroeconomic indicators, trade patterns, and sector-specific drivers. The model captures both cyclical and structural factors and reflects known policy and technology shifts in Japan.

  • Historical baseline: 2012-2025
  • Forecast horizon: 2026-2035
  • Scenario-based sensitivity to income growth, substitution, and regulation
  • Capacity and investment outlook for major producing companies

Each projection is built from national historical patterns and the broader regional context, allowing the report to show where growth is concentrated and where risks are elevated.

Price analysis and trade dynamics

Prices are analyzed in detail, including export and import unit values, regional spreads, and changes in trade costs. The report highlights how seasonality, freight rates, exchange rates, and supply disruptions influence pricing and margins.

  • Price benchmarks by country and sub-region
  • Export and import unit value trends
  • Seasonality and calendar effects in trade flows
  • Price outlook to 2035 under baseline assumptions

Profiles of market participants

Key producers, exporters, and distributors are profiled with a focus on their operational scale, geographic footprint, product mix, and market positioning. This helps identify competitive pressure points, partnership opportunities, and routes to differentiation.

  • Business focus and production capabilities
  • Geographic reach and distribution networks
  • Cost structure and pricing strategy indicators
  • Compliance, certification, and sustainability context

How to use this report

  • Quantify domestic demand and identify the most attractive segments
  • Evaluate export opportunities and prioritize target destinations
  • Track price dynamics and protect margins
  • Benchmark performance against leading competitors
  • Build evidence-based forecasts for investment decisions

This report is designed for manufacturers, distributors, importers, wholesalers, investors, and advisors who need a clear, data-driven picture of raw steel and pig iron dynamics in Japan.

FAQ

What is included in the raw steel and pig iron market in Japan?

The market size aggregates consumption and trade data, presented in both value and volume terms.

How are the forecasts to 2035 built?

The projections combine historical trends with macroeconomic indicators, trade dynamics, and sector-specific drivers.

Does the report cover prices and margins?

Yes, it includes export and import unit values, regional spreads, and a pricing outlook to 2035.

Which benchmarks are included?

The report benchmarks market size, trade balance, prices, and per-capita indicators for Japan.

Can this report support market entry decisions?

Yes, it highlights demand hotspots, trade routes, pricing trends, and competitive context.

  1. 1. INTRODUCTION

    Report Scope and Analytical Framing

    1. Report Description
    2. Research Methodology and the Analytical Framework
    3. Data-Driven Decisions for Your Business
    4. Glossary and Product-Specific Terms
  2. 2. EXECUTIVE SUMMARY

    Concise View of Market Direction

    1. Key Findings
    2. Market Trends
    3. Strategic Implications
    4. Key Risks and Watchpoints
  3. 3. DOMESTIC MARKET SIZE AND DEVELOPMENT PATH

    Market Size, Growth and Scenario Framing

    1. Market Size: Historical Data (2012-2025) and Forecast (2026-2035)
    2. Growth Outlook and Market Development Path to 2035
    3. Growth Driver Decomposition
    4. Scenario Framework and Sensitivities
  4. 4. CATEGORY SCOPE, DEFINITIONS AND BOUNDARIES

    Commercial and Technical Scope

    1. What Is Included and How the Market Is Defined
    2. Market Inclusion Criteria
    3. Product / Category Definition
    4. Exclusions and Boundaries
    5. Distinction From Adjacent Products and Substitute Categories
  5. 5. CATEGORY STRUCTURE, SEGMENTATION AND PRODUCT MATRIX

    How the Market Splits Into Decision-Relevant Buckets

    1. By Product Type / Configuration
    2. By Application / End Use
    3. By Customer / Buyer Type
    4. By Channel / Business Model / Technology Platform
    5. Segment Attractiveness Matrix
    6. Product Matrix and Segment Growth Logic
  6. 6. DOMESTIC DEMAND, CUSTOMER AND BUYER ARCHITECTURE

    Where Demand Comes From and How It Behaves

    1. Consumption / Demand: Historical Data (2012-2025) and Forecast (2026-2035)
    2. Demand by End-Use and Buyer Group
    3. Demand by Customer / Consumer Segment
    4. Purchase Criteria, Switching Logic and Adoption Barriers
    5. Replacement, Replenishment and Installed-Base Dynamics
    6. Future Demand Outlook
  7. 7. DOMESTIC PRODUCTION, SUPPLY AND VALUE CHAIN

    Supply Footprint and Value Capture

    1. Production in the Country
    2. Domestic Manufacturing Footprint
    3. Capacity, Bottlenecks and Supply Risks
    4. Value Chain Logic and Margin Pools
    5. Distribution and Route-to-Market Structure
  8. 8. IMPORTS, EXPORTS AND SOURCING STRUCTURE

    Trade Flows and External Dependence

    1. Exports
    2. Imports
    3. Trade Balance
    4. Import Dependence
    5. Sourcing Risks and Resilience
  9. 9. PRICING, PROMOTION AND COMMERCIAL MODEL

    Price Formation and Revenue Logic

    1. Domestic Price Levels and Corridors
    2. Pricing by Segment / Specification / Channel
    3. Cost Drivers and Margin Logic
    4. Promotion, Discounting and Procurement Patterns
    5. Revenue Quality and Commercial Levers
  10. 10. COMPETITIVE LANDSCAPE AND PORTFOLIO POWER

    Who Wins and Why

    1. Market Structure and Concentration
    2. Competitive Archetypes
    3. Segment-by-Segment Competitive Intensity
    4. Portfolio Breadth and Product Positioning
    5. Capability Matrix
    6. Strategic Moves, Partnerships and Expansion Signals
  11. 11. DOMESTIC MARKET STRUCTURE AND CHANNEL LOGIC

    How the Domestic Market Works

    1. Core Demand Centers
    2. Local Production and Distribution Roles
    3. Channel Structure
    4. Buyer and Procurement Architecture
    5. Regional Imbalances Within the Country
  12. 12. GROWTH PLAYBOOK AND MARKET ENTRY

    Commercial Entry and Scaling Priorities

    1. Where to Play
    2. How to Win
    3. Distributor / Partner / Direct Entry Options
    4. Capability Thresholds
    5. Entry Risks and Mitigation
  13. 13. WHERE TO PLAY NEXT: MOST ATTRACTIVE GROWTH OPPORTUNITIES

    Where the Best Expansion Logic Sits

    1. Most Attractive Product Niches
    2. Most Attractive Customer Segments
    3. White Spaces and Unsaturated Opportunities
    4. High-Margin and Underpenetrated Pockets
    5. Most Promising Product Adjacencies
  14. 14. PROFILES OF MAJOR COMPANIES

    Leading Players and Strategic Archetypes

    1. Leading Manufacturers and Suppliers
    2. Production Footprint and Capacities
    3. Product Portfolio and Segment Focus
    4. Pricing Positioning and Indicative Price Logic
    5. Channel / Distribution Strength
    6. Strategic Archetypes
  15. 15. METHODOLOGY, SOURCES AND DISCLAIMER

    How the Report Was Built

    1. Modeling Logic
    2. Source Register
    3. Publications, Regulatory and Industry References
    4. Analytical Notes
    5. Disclaimer

Loading News content from Store report…

Nippon Steel Corporation

Japan’s largest steelmaker

JFE Holdings, Inc.

Second largest in Japan

Kobe Steel, Ltd.

Integrated steel producer

Nisshin Steel Co., Ltd.

Part of Nippon Steel group

Tokyo Steel Manufacturing Co., Ltd.

Largest EAF producer in Japan

Daido Steel Co., Ltd.

Special steel producer

Aichi Steel Corporation

Toyota Group affiliate

Sanyo Special Steel Co., Ltd.

Special steel long products

Nippon Koshuha Steel Co., Ltd.

Special steel maker

Japan Casting & Forging Corp.

Part of Nippon Steel group

TOKUSHU KINZOKU EXCEL CO., LTD.

Specialty steel processor

Yodogawa Steel Works, Ltd.

Steel processing

Nakayama Steel Works, Ltd.

Steel manufacturer

Kyoei Steel Ltd.

Steel bar producer

Godoa Steel, Ltd.

Bar and rod producer

Osaka Steel Co., Ltd.

Bar and rod producer

Tohoku Steel Co., Ltd.

Special steel bar maker

Nippon Yakin Kogyo Co., Ltd.

Stainless steel producer

Hitachi Metals, Ltd. (Legacy)

Now part of Proterial

Proterial, Ltd. (ex-Hitachi Metals)

Includes former Hitachi Metals

Mitsubishi Steel Mfg. Co., Ltd.

Special steel products

Japan Stainless Steel Co.

Stainless steel maker

Nippon Denko Co., Ltd.

Ferroalloy producer

Kawasaki Steel Corporation (Legacy)

Now part of JFE Steel

NKK Corporation (Legacy)

Now part of JFE Steel

Iwaki Steel Co., Ltd.

Steel casting specialist

Kawasaki Heavy Industries (Steel)

Steel manufacturing division

Sumitomo Metal Industries (Legacy)

Now part of Nippon Steel

Ataka & Co., Ltd. (Industrial)

Steel trading and processing

Topy Industries, Ltd.

Steel wheel manufacturer

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Loading Dashboard content from Store report…

Loading Macro Indicators content from Store report…



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