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July 17th 2024

Infographic: China’s property market remains big drag on steel demand

China's property sector remained the biggest drag on domestic steel demand in the second quarter of 2024. The reduction in housing down payment ratios and loan rates for housing provident fund in May has so far had limited boost to new home sales. Home construction starts in Q2 are still 19% lower on the year, and 68% below than the same period of 2021 when China’s property sector peaked.

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