China’s housing stimulus 'will boost rebar demand in H2'

China’s domestic demand for rebar will likely be stronger in the second half of 2022 than the first as a result of stimulus measures from the central and local governments to prop up the housing market, the biggest consumer of the long steel product, market participants said.

Housing sales by area is forecast to rise by 1.7% in 2022 against 2021, according to the Real Estate Blue Book released on Tuesday June 14 by the Chinese Academy...

Published

Jessica Zong

June 15, 2022

07:37 GMT

Shanghai