China’s steel market is not collapsing despite the property downturn. Instead, demand is stabilising at a lower level as manufacturing, exports and new energy sectors gradually replace construction-driven demand. This is not a demand collapse, it’s a structural shift from property to industrial and export-driven demand. What’s Really Happening The sharp drop in construction activity has clearly hurt steel demand: Property-related steel (like rebar) has fallen significantly Construction’s share of demand is shrinking But the broader market tells a different story: Total steel demand is only slightly below past peaks Manufacturing, shipbuilding and energy transition sectors are absorbing demand Exports are acting as a key buffer Instead of a sudden crash, the industry is entering a long plateau . Why This Matters The market had expected a sharp collapse but reality is more gradual: Demand is declining slowly, not falling off a cliff China is shifting from construction-led growth to ...
Recently I just got my salary. Usually before I withdraw the money, I will do a budget and this time is not an exception. Although my net income for the month is suppose to be higher than what I usually got, I was surprised that after paying for almost what I spent, and owed, I was left almost nothing much for investment. Then, in my heart, I start to think, "Why we're always lacking of money? Is it because of really lack of money, or just that I want to have more?" Sometimes I started to blame GOD on why I do not have enough. Well, then I started to think, "How much is enough? When will I stop this childish thinking that I don't have enough?" I must not forget, although my salary is not high, but it is a lot higher compares to those earning less than RM1000 per month. In fact, there's a lot of people earning few hundreds but they still move on. I do not know whether they complain like I did, but I'm sure it will be really tough to survive in Malaysi...