Article from Steelorbis.com
The Executive Director of University of Asia and the Pacific Capital Market Research, Dr. VictorAbola, asserted that the country is at the early stages of a construction boom given the continual recovery of the housing sector in 2011 and the robustness of the real estate sector supported by the OFW remittances and an improved confidence in the property industry. He also underscored the fact that the demand for housing would continue to remain strong due to the fact that there is a 3 million housing backlog that needs to be filled. With that note, the expected 10% growth in Iron and Steel Industry must not be far-fetched.
Relating the news to the objective of our study, which is capturing the value added of the Iron and Steel Industry, monitoring the sectoral demand for iron and steel products plays a crucial role. Studying the major consumer of these products will help us formulate solutions about improving the demand structure—it can be by addressing issues related to constructions, for example, or attracting new customers. And this news contributes to the process of formulating solutions.
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