Marubeni Tetsugen to Increase Ferrous Scrap Trade by 30% in F2012

Marubeni Tetsugen, Marubeni’s subsidiary to deal raw steel materials, aims to increase ferrous scrap trade volume by 30% to record 3.5 million tonnes in fiscal 2012 ending in March 2013 against fiscal 2009. The firm plans to increase ferrous scrap and ferroalloy trade while to start new material businesses for solar electric power and rare earths. The firm targets annual recurring profit at record 2 billion yen in fiscal 2012, increasing by 38% from fiscal 2009.

For ferrous scrap trade, Marubeni Tetsugen’s main business, the firm reinforces supply network in cooperation with scrap dealers, cultivates new customers and increases supply bases. Moreover, the firm plans to increase the export to China, South Korea, Taiwan and Vietnam. The firm aims to increase import and export including the trade from an offshore country to another offshore country.

As to ferroalloy trade business, Marubeni Tetsugen seeks new offshore ferroalloy suppliers even eyeing the possibility to take shares.

In addition to ferrous scrap and ferroalloy businesses, the firm starts trade of metal silicon for polycrystalline silicon applied to solar panels as a new core business. The firm also seeks rare earth collection from mines, ore residuum or hybrid car motors.

Marubeni Tetsugen targets annual net sales at 200 billion yen in fiscal 2012, increasing by 67% from fiscal 2009. New businesses are expected to generate 20 billion yen annual sales.