FACT BOOK 2023
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Steelmaking Operations
Raw Materials and Fuel
Imports of Iron Ore and Coking Coal by Major Supply Source: Japanese Steel Industry and Nippon Steel
Iron ore
(Upper rows: tonnage in million tons; % of the total in parentheses)
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|
| Australia | 76.53 (59.6) |
74.21 (58.5) |
70.07 (57.5) |
66.54 (56.5) |
58.18 (58.9) |
66.75 (58.7) |
61.44 (59.9) |
| Brazil | 34.75 (27.1) |
33.63 (26.5) |
33.54 (27.5) |
31.40 (26.7) |
25.68 (26.0) |
31.45 (27.7) |
28.68 (28.0) |
| India | 2.53 (2.0) |
2.86 (2.3) |
1.36 (1.1) |
2.03 (1.7) |
1.87 (1.9) |
0.39 (0.3) |
0.0 (0.0) |
| Others | 14.62 (11.4) |
16.12 (12.7) |
16.89 (13.9) |
17.83 (15.1) |
12.98 (13.1) |
15.13 (13.3) |
12.47 (12.2) |
| Total | 128.43 (100.0) |
126.82 (100.0) |
121.85 (100.0) |
117.81 (100.0) |
98.71 (100.0) |
113.72 (100.0) |
102.59 (100.0) |
| Total imports for Nippon Steel | 62.55 (48.7) |
59.42 (46.9) |
58.61 (48.1) |
57.77 (49.0) |
48.77 (49.4) |
56.41 (49.6) |
49.93 (48.7) |
Source: Customs Clearance Statistics, Ministry of Finance; Statistics of Nippon Steel, Nippon Steel
Coking coal
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|
| Australia | 35.70 (49.3) |
33.57 (47.6) |
31.36 (45.6) |
32.02 (45.3) |
31.08 (49.9) |
34.54 (54.5) |
34.31 (54.8) |
| U.S.A. | 4.95 (6.8) |
6.25 (8.9) |
8.95 (13.0) |
8.71 (12.3) |
6.34 (10.2) |
5.78 (9.1) |
6.37 (10.2) |
| Canada | 6.19 (8.5) |
6.51 (9.2) |
6.78 (9.9) |
6.83 (9.7) |
6.14 (9.9) |
5.10 (8.0) |
5.40 (8.6) |
| China | 0.27 (0.4) |
0.65 (0.9) |
0.35 (0.5) |
0.32 (0.4) |
0.15 (0.2) |
0.09 (0.1) |
0.05 (0.1) |
| Others | 25.36 (35.0) |
23.61 (33.4) |
21.35 (31.0) |
22.81 (32.3) |
18.54 (29.8) |
17.90 (28.2) |
16.52 (26.4) |
| Total | 72.46 (100.0) |
70.60 (100.0) |
68.79 (100.0) |
70.70 (100.0) |
62.26 (100.0) |
63.40 (100.0) |
62.65 (100.0) |
| Total imports for Nippon Steel | 29.37 (40.5) |
26.54 (37.6) |
25.19 (36.6) |
26.24 (37.1) |
24.37 (39.1) |
25.74 (40.6) |
24.97 (39.9) |
Source: Customs Clearance Statistics, Ministry of Finance; Statistics of Nippon Steel, Nippon Steel
Import Prices of Iron Ore and Coking Coal: Japanese Steel Industry
Iron ore
(¥/ton CIF)
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|
| Average | 6,372 | 8,655 | 8,446 | 10,448 | 10,760 | 18,558 | 16,563 |
| Australian ore | 5,877 | 7,634 | 7,214 | 9,377 | 9,928 | 17,042 | 14,574 |
| Brazilian ore | 6,768 | 9,621 | 9,689 | 11,206 | 11,654 | 20,021 | 19,245 |
Source: Customs Clearance Statistics, Ministry of Finance
Coking coal
(¥/ton CIF)
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|
| Average | 12,032 | 16,246 | 17,706 | 14,950 | 11,033 | 21,131 | 45,644 |
| Australian coal | 12,861 | 17,847 | 18,702 | 16,073 | 11,561 | 22,490 | 43,883 |
| U.S. coal | 13,043 | 16,926 | 18,802 | 16,915 | 11,975 | 18,016 | 39,144 |
| Canadian coal | 16,278 | 21,200 | 22,068 | 19,083 | 13,570 | 21,480 | 49,064 |
| Chinese coal | 18,630 | 24,957 | 18,113 | 16,914 | 15,110 | 17,718 | 53,408 |
Source: Customs Clearance Statistics, Ministry of Finance
Overseas Raw Material Investment of Nippon Steel
Iron ore
|
| Country | Shareholders | Capacity (Million tons/y) |
|
|---|---|---|---|---|
| Robe River | Australia | Rio Tinto | 53.0% | 70 |
| Nippon Steel | 14.0% | |||
| Other Japanese | 33.0% | |||
| NIBRASCO | Brazil | VALE | 51.0% | 10 |
| Nippon Steel | 33.0% | |||
| Other Japanese | 16.0% | |||
Coking coal
|
| Country | Shareholders | Capacity (Million tons/y) |
|
|---|---|---|---|---|
| Warkworth | Australia | Yancoal | 84.5% | 8 |
| Nippon Steel | 9.5% | |||
| Other Japanese | 6.0% | |||
| Bulga | Australia | Glencore | 85.9% | 7 |
| Nippon Steel | 12.5% | |||
| Other Japanese | 2.6% | |||
| Moranbah North | Australia | Anglo American | 88.0% | 15 |
| Nippon Steel | 5.0% | |||
| Other Japanese | 7.0% | |||
| Foxleigh | Australia | Middlemount South | 70.0% | 3 |
| Nippon Steel | 10.0% | |||
| POSCO | 20.0% | |||
| Boggabri | Australia | Idemitsu Kosan | 80.0% | 7 |
| Nippon Steel | 10.0% | |||
| Other Japanese | 10.0% | |||
| Elkview | Canada | Teck Coal Partnership | 95.0% | 9 |
| Nippon Steel | 2.5% | |||
| POSCO | 2.5% | |||
Ferroalloy
|
| Country | Shareholders | Capacity (Million tons/y) |
|
|---|---|---|---|---|
| CBMM | Brazil | Moreira Salles Group | 70.0% | 150 ktons/y |
| Nippon Steel | 2.5% | |||
| POSCO | 2.5% | |||
| Other Japanese | 7.5% | |||
| Other Korean | 2.5% | |||
| Other Chinese | 15.0% | |||
Stable Raw Materials Procurement
Acquisition of blue-chip mining interest and expansion of supply sources
