Real Estate Journal

One of the major ingredients in property development is steel.  This is most important specially if the development is for a 3 storey project.  For those who are following closely the price of steel, domestic industry experts predicts that steel prices  in China will continue to stay high this year.  Prices is pushed up by booming demand and rising costs.  The per-ton price would break the 1,000-U.S.-dollar threshold  and still has enough room for increase in the near future   Monday’s China Securities Journal quoted Zhou Xizeng, a leading analyst with the CITIC Securities as saying.
“A supply shortage was expected in the domestic market as the installment of newly-developed production capacity could not keep up with the government’s steps to eliminate outdated capacity.”