Wednesday, June 26, 2013

Philippine steel consumption lowest in Southeast Asia per capita

"Addressing a joint membership meeting of the Makati Business Club (MBC) and the Japanese Chamber of Commerce and Industry of the Philippines (JCCIP) on Tuesday, Japanese Ambassador Toshinao Urabe expressed surprise that not much steel is used in the Philippines.

"According to him, per capita steel consumption in the Philippines is only half of Vietnam's, a fourth of Thailand's and a fifth of Malaysia's.

" 'It shows you have to do more in using steel structures,' Urabe said.

"He said Philippine construction firms and property developers should emulate the Japanese by "investing in quality" as well as regularly maintaining buildings as part of disaster prevention and mitigation."

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