13
Jun
12:40
Chinese real estate slows in May
China’s real estate data for May shows a significant slowdown, suggesting the optimism of the start of the year may have been misplaced. That means steel demand, which already fell sharply last month, is likely to continue to weaken, Kallanish notes.
China’s real estate sales over January-May were still up 33.2% to 479.54 million square metres. That was compared to 36.5% growth over January-April, however, and implied a monthly sales rate w…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous