Steel, Commodity Demand to Falter on Property Dip, Essence Says
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Demand for steel and cement may falter should China’s property prices continue to slide, said Heng Kun, a Shanghai-based analyst at Essence Securities Co.
China’s banking regulator last month asked lenders to conduct stress tests to gauge the effect of a drop of as much as 60 percent in residential property prices, a person with knowledge of the matter said. Tests last year assumed home-price declines of 30 percent.