Steel and iron ore continue to trade sideways:
Anybody that follows Chines property data knows it is a disaster. Most pointedly, there is a gap between sales, starts and completions that is so huge they have not yet invented a word for it:
If you multiply the missing floor area by the apartment average there are about 75m missing apartments. This is enough to house 225m people. At current rates, about 10 years worth of urbanisation.
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