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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI BRIEF: Real-Estate Steel Decline Offset By Growth Areas
Beijing's property sector reforms and a shrinking population will see the property sector's proportion of total China steel demand fall from 35%-40% to 30% in the future, according to Mysteel analysts on Wednesday, although the decline would be offset by growth from white goods, automobile, ship making, as well as infrastructure.
Steel exports, would fall by 10 to 20 million tonnes y/y in 2024, after increasing 36% to 90.2 million tonnes in 2023, given trade friction, tighter export supervision and increased capacity from South East Asia.
Steel demand could rebound this year following an estimated 2.2% decline in 2023 should government policies reverse property-sector weakness and new growth drivers expand, local analysts and traders recently told MNI. (See: MNI: China 2024 Steel Demand Hinges On Property Investment)To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.