JFE Steel’s Tube Sector to Enhance Only One and Number One Products in F2011

JFE Steel’s steel tube sector plans to increase the sales ratio of “only one and number one products” by 10 percentage points to 53% in fiscal 2011 ending in March 2012 from the previous financial year. The sector tries to secure sales volume and cultivate new consumers by appealing “only one and number one products” against the severe demand condition. In fiscal 2010, the sales ratio was 43% except for UOE steel tube, lower than the previous financial year.

The sector achieved accumulative sales of high corrosion resistance 15% chrome oil tubular at 5,000 tonnes until fiscal 2010. As for HISTORY steel tube for automobiles, the firm maintains the production at 2,000-3,000 tonnes per month. Moreover, the firm recently accepted an order for 13% chrome seamless steel tube at 21,000 tonnes adopted to In Salah South gas field project in cooperation with Marubeni-Itochu Steel.

The sector also focuses on sales expansion of electric resistance welded steel tube, Mighty Seam, which shows high welding performance. JFE Steel aims alternate demand for existing UOE steel tube and seamless steel tube by set sales of Mighty Seam and 26-inch large-diameter steel tube.