It is expected that Japan’s steel demand in construction industry will remain strong with the anticipation of a rise of 8.5% in February compared to the same month of last year.

Demand for construction steel is expected to be around 2 million tons in February, as it would give chances to distributors to boost their prices.

Japanese demand has been increasing due to rebuilding activity in the major earthquake damaged area. Besides, the selection of Tokyo as host of the 2020 Olympic Games also provided a spike in steel demand.