FairAndUnbiased
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Material costs are a relatively small part of real estate costs. The biggest cost by far is buying the lot. The biggest continuing cost is paying for construction labor, and if real estate prices take a hit it is typically more cost effective to halt a project than to allow it to continue.So you are supposing Ore ban affect Steel production "Immediately"? So when the Chinese banned Australia Ore and Coal in Aug 2020 it will hike immediately?
There is a thing called "reserve" and also a thing called "production limits" You don't just run out of ore when you stop importing, if you do, then you probably really should start worrying......
Also, as I said many time before, I am pretty sure Evergrande just too lazy to build the stuff they were contracted to do, if you believe the ore price did not take a hit.
So yes, they're essentially 'too lazy to finish the project' at the projected sales cost at that point in time.