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02 Feb
00:00

Chinese house price turn could mean steel rebound, eventually

China’s average new house prices began to increase in January, ending a downturn which started in April last year, according to the data division of Chinese realtor Soufun. However, the recovery is patchy at best, and it is only the first step of several, if China is to see a return to steady demand for construction steel, Kallanish notes. Chinese house prices increased by 0.21% in January, according to Soufun’s China Index Academy…
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