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6,904.12 TRY Gold (gr) Gold (gr)
108.00 USD Iron Ore 61% Fe Iron Ore 61% Fe

California wildfire turns into reconstruction opportunity for Taiwan

Following the wildfire disaster in California,US, the state's infrastructure and residential renovation efforts brought increasing needs for construction materials to the agenda.

California wildfire turns into reconstruction opportunity for Taiwan

A series of large forest fires that started on January 7 in the metropolis and surrounding areas of Los Angeles, California, US, caused the destruction of many areas and settlements. While the disaster came to light after the fire was extinguished, the renovation of burned houses and infrastructures caused an increase in some needs. In particular, Taiwanese screw manufacturers are evaluating demands in this process and negotiating order arrangements with US distributors.  

The fire disaster happened in the city center and many houses and workplaces were destroyed, during the reconstruction process; It increased the demand for wood, rebar, aluminum sheet, coated steel and construction screws. Although the fact that houses are mostly made of wood increases the demand for wood in this period, rebar and steel are among the most needed materials in this process.  

In addition, while US President Donald Trump's tariff policies cause problems in foreign trade, it is a matter of curiosity how the process will work for the fire region, which seems difficult to recover from.

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