They're trying to be less reliant on real estate construction and the speculation that goes with it, that's why it's going to lead to a permanent change in Chinese steel demand. It's CCP policy to try and redirect Chinese investment to the share market. The real question is whether Beijing replaces that steel demand with infrastructure spending that uses steel.
They're trying to be less reliant on real estate construction...
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Last
$26.54 |
Change
0.220(0.84%) |
Mkt cap ! $81.73B | |||
| Open | High | Low | Value | Volume |
| $26.79 | $26.79 | $26.47 | $28.57M | 1.070M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 1346 | $26.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $26.54 | 1178 | 13 |
View Market Depth
| Last trade - 11.16am 07/05/2024 (20 minute delay) ? |
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Last
$26.55 |
Change
0.220 ( 1.29 %) |
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| Open | High | Low | Volume | ||
| $26.76 | $26.79 | $26.44 | 169412 | ||
| Last updated 11.37am 07/05/2024 ? | |||||
| FMG (ASX) Chart |