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16 Jun
01:00

Chinas logistics investment surges despite real estate slump

China’s residential and commercial real estate investment remains subdued despite a turnaround in house prices in May. Construction of logistics facilities however, is at the start of a boom that will help construction coated sheet demand, Kallanish notes. Internet giant Alibaba is set to become a significant steel consumer over the next 18 months after it announced plans last week to multiply its logistics infrastructure by five by the end of 2016. Th…
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