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Japanese construction industry remains stable while US-China trade war may cause unexpected impact-2019 China(Guang
zhou)Int’l Metal & Metallurgy Exhibition-metal exhibition
12/17/2018 金属展-冶金展-钢铁展-steel expo-metal &metallurgy expo |
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Based on the statistics, Japan''s new construction areas were increased by 11.6 million square meters in October, at high level in past three years, of which residential housing accounted for 7 million square meters and non-residential housing accounted for 4.6 million square meters.
In addition, rent apartment construction in recent months has been relatively stable, increasing by 5.8% year-on-year. In non-residential buildings, the construction of factory and warehouse was high, but office construction was declining.
By 2020 Tokyo Olympics, 2025 Chuo Shinkansen and Osaka World Expo will drive domestic steel demand, and related performance of the construction industry will be blooming continuously in the future.
Japan''s disaster prevention and reconstruction budget has been increased in the next fiscal year, sales volume of rebar reached around 740,000 tons in October, and domestic inventory was at a lower level of 69.5%. The demand gap caused by natural disasters in September has been fully filled.
On the other hand, the US-China trade war continued to prolong. If China''s domestic steel demand were declined, China mills will inevitably turn to increase export sales and cause price competition, so China''s policy was crucial for the global market.
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