Nippon Steel Corporation Announces Consolidated Earnings Guidance for the First Half Ending September 30, 2019 and Full Year Ending March 31, 2020 and Non-Consolidated Earnings Guidance for the Year Ending March 31, 2020; Provides Consolidated and Non-Consolidated Production Guidance for the Second Quarter of 2019, First Half of 2019, Second Half of 2019 and Full Year of 2019; Reports Consolidated and Non-Consolidated Production Results for the First Quarter of Fiscal Year 2019
For the full year, on consolidated basis, the company expects business profit of JPY 150,000 million.
For the full year on non-consolidated basis, the company expects ordinary loss of JPY 65,000 million.
The company reported consolidated and non-consolidated production results for the first quarter of fiscal year 2019. For the quarter, on consolidated basis, the company reported pig iron production of 10.33 million tons against 10.25 million tons a year ago. Crude steel production was 12.44 million tons against 11.89 million tons a year ago.
On non-consolidated basis, the company reported crude steel production was 10.27 million tons against 10.29 million tons a year ago.
For the second quarter of 2019, the company expects pig iron production of approx. 10.90 million tons and consolidated Crude steel production of approx. 12.00 million tons and non-consolidated Crude steel production of approx. 10.20 million tons. Steel Products Shipment is expected to be approx. 9.80 million tons.
For the first half of 2019, the company expects pig iron production of 21.20 million tons and consolidated Crude steel production of 24.50 million tons and non-consolidated Crude steel production of approx. 20.50 million tons. Steel Products Shipment is expected to be approx. 18.90 million tons.
For the second half of 2019, the company expects Crude steel production of 24.50 million tons.
Non-consolidated basis for the second half of 2019, the company expects Crude steel production of 20.50 million tons. Steel Products Shipment is expected to be approx. 18.90 million tons.
For the year 2019, the company expects Crude steel production of approx. 49.00 million tons.
Non-consolidated basis for the year 2019, the company expects Crude steel production of approx. 41.00 million tons. Steel Products Shipment is expected to be approx. 37.80 million tons.