Industry News

Japan UEX's stainless steel sales slide in Apr-Dec 2020

Views : 233
Update time : 2021-03-25 19:20:59
According to the consolidated sales performance report released by UEX, Ltd., a Japan-based stainless steel distributor, in the first three quarters of the fiscal year 2020 (April-December 2020), the firm’s sales dropped by 13.6% year on year to roughly 36.47 billion yen due to declined demand and sales. The net profit attributable to shareholders of the parent company fell by nearly 88% year on year to around 69.1 million yen.

During the period, the average selling price of UEX’s stainless steel rose by 1.6% year on year while the sales volume slid by 19.4%, which led to year-on-year drops in the external sales value by 14.2% and the operating profit by 86.5%.
Related News
Read More >>
What Tariffs, Steel Prices Mean for E&S Construction Insurance in California What Tariffs, Steel Prices Mean for E&S Construction Insurance in California
Apr .25.2025
What Tariffs, Steel Prices Mean for E&S Construction Insurance in California
Nickel Price Update: Q1 2025 in Review Nickel Price Update: Q1 2025 in Review
Apr .25.2025
Nickel Price Update: Q1 2025 in Review
Higher steel prices benefiting Region steel mills Higher steel prices benefiting Region steel mills
Apr .25.2025
Higher steel prices benefiting Region steel mills
Vale's net profit drops 17% on lower iron ore prices Vale's net profit drops 17% on lower iron ore prices
Apr .25.2025
Vale's net profit drops 17% on lower iron ore prices