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CSI: Policy shifts spark new hope

CSI: Policy shifts spark new hope (Dec. 6, 2022)

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China has had a tough year, and there is still plenty to worry about. The last few weeks however have seen policy changes that imply a recovery in steel demand in the coming year. The moves come in two key areas, real estate and Covid. Changes in both these areas force changes to our previous assumptions about the steel sector in 2023. The year ahead now looks more positive, offsetting some of the structural problems that will continue to drag on steel demand over the coming years.

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