Shinagawa fiscal year profits rise 39% due to strong steel demand in Japan

By Liz Gyekye
Published: Thursday, 06 August 2015

The Japanese company has dodged the bullet that has hit other refractories producers who rely on the steel market, posting solid fiscal year results. There is strong domestic demand for its products, as the steel sector picks up in Japan, due to the forthcoming 2020 Tokyo Olympics. The firm has also been helped by reconstruction activity following the country’s earthquake of 2011.

Japan’s largest refractories producer, Shinagawa Refractories Co. Ltd, has posted a 39% jump in net profits to Japanese yen (JPY) 3.09m ($24.8m*) for the fiscal year ended March 2015, helped by strong domestic demand for its products on the back of a steady steel market.

Net sales...

This is a preview of the full article

Our market news and price data is reserved for registered users only.

Current customer? Login now

All of our industrial minerals price data and news is now available only through our new platform. Learn more about the intelligence we offer by visiting our Fastmarkets flagship website. If you are familiar with our reliable and trusted intelligence, fill out a request a quote form today to hear from our friendly sales staff who will create a custom license for you.


Interested in lithium prices? We now offer lithium prices and coverage free for reference. Click here to read all about it.

Interested in the wider electrification market?
Join our growing community of participants who want to learn more about electrification and how this market is developing.