Steel consumption has been buoyed by active end-user sectors. The property markets inVietnam and Indonesia, two major steel consumers in the region, have benefited fromgovernment-led incentives. In Indonesia, the Central Bank plans to ease mortgage rules.Effective 1 August, banks may offer mortgages with no down payment for first-time homebuyers, removing a 15% requirement currently in place. In Vietnam, the government thereannounced a three-year investment plan, prioritising construction and infrastructuredevelopment.
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