Metal One Builds Up Building Material Business in the World

Metal One, Japanese major steel trader, will build up building material business in the world, which expands business function to sales, processing and stock in overseas. In the past, the firm had exported steel products ever. The firm will expand steel building material business in South East Asia, China and Middle East at the moment, which expands in whole world in the future. The firm aims consolidated steel building material profit at one billion yen until fiscal 2011 at the ended of March 2012 in the world. The firm established global building material department in April 2008, which starts the business in world market when the demand for building material is increasing in mainly development country. The firm joined hands Chinese major dealer which sells rebar, shaped steel or plate in all China and has 12depots. Metal One will adds processing function to Chinese partner. Metal One invested to Thai Metal Trade (TMT) in August 2007, which sent one salesman to TMT in October 2007. TMT processes hot-rolled steel sheet or pipe, and sells H-beam, rebar or wire rod. Metal One injects business know-how to TMT, increases the sales to Japanese users in Thailand. In Vietnam, the firm established steel frame processing company with Japanese steel frame makers and Vietnamese engineering company in April 2008, which starts the operation in January 2009 because steel frame building and steel bridge market is expected to increase in Vietnam. In Middle East, Metal One kicks around the business in mainly Dubai. Steel demand in Dubai is 6 million tonnes per year, which is 4 million tonnes for rebar. The firm will sell rebar with processing.