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FACT BOOK 2023

Basic Facts About Nippon Steel

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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

Stable Raw Materials Procurement