wow....While Chinese real estate construction remains an important driver of steel demand, it’s not what it used to be.
You see, during China’s rapid growth phase in the early 2000s, construction (including housing, office, and industrial buildings) accounted for almost half the country’s steel demand…. Today, it’s less than a quarter, or just 24%.
Interestingly, machinery construction is now the single biggest driver of steel demand in China.
Iron ore price, page-54040
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| Open | High | Low | Value | Volume |
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