Author: Admin Operation
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China’s steel demand for real estate may shrink in CY’22
Data from China’s National Bureau of Statistics revealed that from Jan-Nov’21, the country’s real estate sector showed a y-o-y decline. M-o-m estimates also show a steady decline in real estate investment, sales and new construction. Since real estate construction is the largest downstream consumer of steel in China, any change or upheaval in this sector…