Japan’s Construction Steel Demand Falling

Japan’s Construction Steel Demand Falling
03/12/2020 , by , in INTERNATIONAL

New Japanese government data indicating the impact the COVID-produced economic slowdown is having on private construction is giving steel industry insiders more cause for concern, especially for their business during the early part of next year.

The latest statistics released on November 30 by Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLIT) showed that new building starts nationwide including housing and non-housing in October totalled 9.61 million square meters, down by 9.4% on year and making for the 14thconsecutive monthly on-year decrease. Within the total, starts on non-timber buildings reached 5.2.

 

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