Rusty Steel Piles Up, Numerous Steel Companies Fold, Real Estate-Driven Economy Becomes a Mirage

Rusty Steel Piles Up, Numerous Steel Companies Fold, Real Estate-Driven Economy Becomes a Mirage

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In recent years, China's real estate market has been in a slump, with housing prices continuously declining. Against this backdrop, real estate investment remains low, leading to a reduction in demand for Chinese steel and resulting in excess steel production capacity.

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