JMB reported that Japanese concrete reinforcing steel bar demand could hit 32 year low in fiscal 2009 started April.

As per report, the demand would decrease for 3 years in a row when trading firms and rebar makers expect the demand will be 8 to 8.5 million tonnes, which is 10% lower in the lower case than fiscal 2008.

The demand is expected to recover in second half of the year with support by stimulus package but the demand in private sector could decrease more.