Major Chinese cities announced specified rules to curb the soaring prices in Rare Estate industry.

Indonesia to Punish Illegal Exporters

Last week, local governments in major Chinese cities such as Beijing, Shanghai, Chongqing, Jinan, Dalian and Hefei, all announced new detailed regulations for local housing markets. New regulations include purchase restrictions, loan restrictions, and new tax policy. Steelease believes the new regulations will affect new housing starts, which will curb demand for rebar and will weigh down rebar prices.
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