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 ...
For the past few weeks, I was not able to up blog more in this blog, mainly is the slow Internet connectivity that I'm facing in my house in Kulim, because I was using Celcom 3G, which sucks, although there are many complain about Maxis 3G. When I go back home town, I was too lazy to blog as I have always stressed on Work Life Effectiveness, which means that although I earn a living by working as Engineer, but I want to dedicate the time to myself and family as well during the weekends. When I come to think of it, most of us will be sweating throughout our lifetime earning barely enough to support whole family. I actually think, is it possible that we can be out of our working life as early as possible - especially for those from the average income family background? The answer is yes and no. No is because we lack of discipline and financial planning and management . Without discipline, most of us will just spend as it is. In fact, without discipline, most of us will hardly have a...