Chinese Steel Demand Moderates Further amid Trade War

In the previous article, we looked at China’s August steel production data. In this article, we’ll look at some indicators of Chinese steel demand (X) (AKS). China’s fixed asset investment, which has been a key pillar of the country’s metal demand, continued to taper in August. The country’s fixed asset investment growth rate fell to 5.3% year-over-year (or YoY) in the first eight months of 2018, which is a fresh record low. China’s fixed asset investment growth rates have fallen as the country steers its economy from an investment-driven economy to a consumption-driven economy. ...