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 ...
KUALA LUMPUR (May 31): The FBM KLCI has been on an upward trend for the fifth consecutive day today, bucking regional trend as sentiment improves over certain better-than-expected corporate earnings. In addition, some foreign stockbroking houses have upgraded Malaysian stock market. At market close, the benchmark index climbed 14.26 points or 0.87% to close at its intra-day high of 1,650.76 points. For the week, the benchmark index has gained 52 points, or 3.28%. When contacted, CIMB Research analyst Nick Foo Mun Pang told theedgemarkets.com that Malaysian market was oversold at below 1,600 points last week, and it was staging a rebound this week. "The KLCI went up by 52 points (3.28%) week-on-week, sentiment has improved after foreign research houses like HSBC and UBS upgraded Malaysian market," he said. "Next week will be a holiday-shortened week, we believe KLCI would be range bound around 1,650 points as we expect the market to hav...