October 12, 2008

Japanese rebar demand to drop by 10% in April to June 2008

JMB reported that Japanese demand of concrete reinforcing steel bar is likely to decrease by around 10% to around 2.7 million tonnes in April to June 2008 from same period of 2007.

A rebar maker source concerns the demand could decrease more when condominium sales decrease due to the higher selling price along with the slower building activity nationwide caused by the new building standard law. The market has uncertainty when general contractors revise the building plan, mainly for small and medium sized building under slower demand and higher steel and materials price.