Construction Market Report – CoreLogic

Eliza Owen said, “Ultimately, renewed iron-ore related construction in Western Australia is supported by improved demand from China, where iron ore is used to make steel. Data from the World Steel Association suggests that China reached unprecedented steel production in April 2018, of 76.7 million tonnes over the month. This figure is 4.8% higher than 12 months before.”  

In terms of work under construction, the March 2018 quarter saw 9,295 projects under construction across Australia,…