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What Indicators Tell Us about Chinese Steel Demand

Mark O'Hara
What Indicators Tell Us about Chinese Steel Demand

The construction sector is the largest steel consumer in China. Although we don’t get many indicators of China’s construction activity in the first two months of the year, some of the indicators show moderation in China’s real estate sector. For instance, new home prices rose in 44 of 70 cities in February, compared to 52 cities in January, according to the National Bureau of Statistics of China.