Japan Construction Steel Order to Rise by 10.6% in October

Japanese construction carbon steel order will increase by 10.6% to 1.6 million tonnes in October from a year earlier, according to outlook by Ministry of Land, Infrastructure, Transport and Tourism. The ministry expects shapes demand will increase by more than 20%. The construction demand entered into recovery phase when the demand recorded year to year increase in every month in 2011 except for March with the major earthquake.

The ministry calculated the outlook based on building starts report. The order will increase by 21.0% to 340,000 tonnes for shapes in October from a year earlier. The shipment of concrete reinforcing steel bar will increased by 9.8% to 710,000 tonnes.

The construction steel order increased by 3.1% to 4.685 million tonnes in April-June from same period of 2010. The order increased by 12.2% to 1.031 million tonnes for shapes and by 0.4% to 1.888 million tonnes for rebar.

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