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 (July 31): Bursa Malaysia recouped last week's losses to close in positive territory on Monday (July 31), in line with the strong performance of regional peers, amid improved regional market sentiment, an analyst said. At 5pm, the FBM KLCI had improved by 9.08 points or 0.63% to 1,459.43, from 1,450.35 at last Friday’s close. The market bellwether opened 0.72 of a point higher at 1,451.07, its intraday low, and hit an intraday high of 1,464.70. The broader market was also positive, with gainers beating losers 545 to 405, while 452 counters were unchanged, 902 untraded, and 53 others suspended. Turnover stood at 3.29 billion units worth RM2.49 billion. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the KLCI delivered an impressive performance, thanks to the strong backing of local institutions and continuous buying by foreig...