デュエルビッツカジノ ログイン
デュエルビッツカジノ ログイン デュエルビッツカジノ ログイン, LTD
デュエルビッツカジノ ログイン
ECOWAY デュエルビッツカジノ ログイン
デュエルビッツカジノ ログイン, Ltd. and Consolidated Subsidiaries
Iron and Steel Sector

Note: These figures include inter-segment sales.


The renovated No.7 wire rod mill at Kobe Works, which commenced operation in January 1999, will enable デュエルビッツカジノ ログイン to maintain its position as one of the world's leading producers of quality wire rod.

デュエルビッツカジノ ログイン plans to use the most advanced environmental protection equipment available to build clean and safe power generation facilities at Kobe Works.

DW-1SZ flux-cored wire for welding galvanized steel sheet provides high welding efficiency and excellent cost performance.

Fiscal 1998 was extremely harsh for the Iron and Steel Sector. Domestic steel demand was weak throughout the year owing to sluggishness in such principal industries as the automobile デュエルビッツカジノ ログインonstruction industries. On the other hand, brisk exports to the United States and Europe in the first half of the fiscal year reflected robust economic conditions in those markets.
However, exports to the United States plunged during the second half of the term because of antidumping charges. Under these conditions, total sales of steel declined from the previous fiscal year.

Sales of steel castings and forgings retreated sharply in the wake of slumping domestic demanデュエルビッツカジノ ログインnd the economic turmoil in Southeast Asia and Korea. Sales of marine crankshafts, a principal product, registereデュエルビッツカジノ ログイン particularly steep decline.

The environment for our titanium products was severe because of plummeting domestic demand from markets for chemicals, electrolysis, and such consumer products as golf clubs.

Despite a slump in demand from the domestic automobile industry, we recorded higher overall sales of steel powders thanks to stepped-up marketing efforts.

In welding consumables, we recorded favorable sales of flux-cored wire for shipbuilding. However, total sales of welding consumables declined owing to a slump in domestic demanデュエルビッツカジノ ログインnd dullness in Southeast Asia and China.

Sales of electronic materials, polymers, デュエルビッツカジノ ログインomposites were sluggish, partially because of intensifying price competition. On the other hand, sales of medical materials expanded steadily.

As a result, Iron and Steel Sector sales declined 12.6%, to 525.4 billion yen.

Regarding principal R&デュエルビッツカジノ ログインctivities in fiscal 1998, we developed coastal weathering steels with high resistance to salt damage. In steel sheet, we developeデュエルビッツカジノ ログインnd commercialized our environment-friendly Green Coat and ECOSTEEL. In welding consumables, we launched the DW Stainless Series of low-fume, low-sputter flux-cored wires for stainless steel, MX-Z210 flux-cored wire for color coated steel sheets, DW-1SZ flux-cored wire for galvanized steel sheet, anデュエルビッツカジノ ログインluminum Arrow Pack wire for large-volume aluminum welding.

In October 1998, we consolidated our high-functional materials and filters business in Shinko Acteq Co., Ltd., a subsidiary specializing in carbon デュエルビッツカジノ ログインeramic materials.

Turning to capital investment, during the year under review we emphasized making strategic capital investments with the aim of strengthening our competitiveness. We completed renovations of the No. 7 wire rod mill at Kobe Works in January 1999 and the No. 8 wire rod mill at Kakogawa Works in May 1999. In addition, we completeデュエルビッツカジノ ログイン heat treatment leveler for steel plates and continued construction of a sizing press for hot-rolled strip at Kakogawa. We also steadily progressed with projects aimeデュエルビッツカジノ ログインt raising product quality and lowering costs and completeデュエルビッツカジノ ログイン facility for hot metal pretreatment of all molten iron at Kakogawa Works.

In the electric power generation business, we completed all of the environmental assessment procedures and obtained all of the necessary approvals to construct coal-fired power plants at Kobe Works. Construction of the plants, which will have a total capacity of 1.4 GW, commenced in March 1999. In carrying out this project, デュエルビッツカジノ ログイン plans to use the most advanced protection equipment available, concentrating on energy conservation and accident prevention functions as we strive to build clean and safe urban-type electric power generation facilities. At the same time, we are endeavoring to further strengthen our profit base by making optimum use of our infrastructure and know-how. In a related development, デュエルビッツカジノ ログイン began supplying The Kansai Electric Power Co., Inc. with 58,000kW of electricity produced at Kakogawa Works from waste heat derived from coke dry quenching. We began supplying this electric power from April 1, 1999.

Overseas, デュエルビッツカジノ ログイン and USX Corporation concluded an agreement with the Blackstone Group and Veritas Group to combine the steelmaking and bar producing assets of USS/デュエルビッツカジノ ログイン Company with Republic Engineered Steels, Inc., and Bar Technologies, Inc. Another U.S. joint venture with USX, PRO-TEC Coating Company, began operating a second hot-dip galvanizing line in autumn 1998, thereby raising its annual production capacity to one million short tons of galvanized steel sheet. In terms of production volume and product quality, this joint venture has become representative in the U.S. industry for hot-dip galvanized steel sheet. Kobelco Metal Powder of America, Inc., a steel powder subsidiary in the United States, increased production to meet strong demand. Kobe CH Wire (Thailand) Co., Ltd., steadily increased production of high-quality steel wire. Despite the difficult operating environment in Asia, our welding subsidiaries and affiliates in Thailand and Korea recorded favorable business results.

In fiscal 1999, domestic demand for steel is expected to grow slightly. Demand from manufacturing industries is expected to remain weak but the construction industry should improve somewhat to sustain overall demand to about this year's level. Overseas, although exports to the United States are likely to drop sharply due to antidumping charges, overall exports are expected to increase because demand in Asia is improving and the market for hot-rolled coils is tightening. In welding consumables, difficult conditions are likely to persist because of soft domestic demand. Against this background, we will continue to make efforts to maximize sales volume; maintain or improve product prices; steadily proceed with rationalization and cost-reduction measures; aim for the rapid realization of our investment objectives; carry out efficient results-oriented R&D; and expanデュエルビッツカジノ ログインnd strengthen the foundation of our overseas production bases. By carrying out these measures, we aim to further bolster our competitiveness.

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