Lower steel demand lowers soufun share price

Absrtact: January 13 News, SouFun stock after a night of trading closed down 6.57%, ranked in the forefront of the decline in the list, foreign media said the house fell and the Chinese steel market demand decline. SouFun the opening last night and the previous trading day closed

January 13 News, SouFun stock after a night of trading closed down 6.57%, ranked in the forefront of the decline in the list, foreign media said the house fell and the Chinese steel market demand decline.

SouFun the opening last night with the previous trading day closed flat, the lowest 7.39 U.S. dollars, the highest 7.96 U.S. dollars, conventional trading volume of 6.76 million shares, the final report closed at 7.4 U.S. dollars, a decrease of 6.57%.

For SouFun's trading performance last night, the US finance website TheStreet pointed out that it may be largely affected by the decline in demand in China's steel market.

China's iron ore futures slowed for the fourth consecutive period, and the slowdown in steel raw materials trading meant a drop in demand for steel, according to data from Reuters earlier.