Itec (‘group’) is based in Japan and primarily manufactures steel products such as steel bars, plates, pipes, etc. (77% of FY22 revenues), and steel frames for construction (19%). It’s also involved in transportation, warehousing, and machine sales.
It faces rising costs of iron ore, coal, scrap, and transport; and lower prospective sales volumes due to sluggish private capital investment in medium and small-scale construction projects in regional areas.
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