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CSI: China rescues steel demand

CSI: China rescues steel demand (Aug. 2, 2019)

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China’s steel output in the first half grew rapidly year-on-year, but revisions show that it is still only regaining historical highs. The growth in demand meanwhile has been driven increasingly by state spending as consumer demand falters.

This month we revise our forecasts for the year in light of the latest data and policies. That includes the crucial trends in government bonds, imports of semi-finished steel and policy on lending to real estate developers.

The question now is, can the state sustain steel demand at current levels?

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