God of Technology: Creating the Internet in Another World-Chapter 425: New-Style Houses Starting to Spread?

In just a few days, it seemed like everyone started paying attention to the steel industry.

Even those under Viscount Roster who clearly knew steel production was super abundant couldn’t help wondering when they saw this overwhelming flood of news—could steel really be scarce?

Was the steel market really this prosperous?

Could there really be that many people participating in magic-tech industrialization, causing insufficient steel production?

As more and more people joined these conversations, Foster Iron Mine Company’s orders kept exploding, and the unit prices of these orders kept rising too.

In just a few days, orders were already backed up a year out.

What was even scarier was that order prices had already climbed more than double, and there still seemed to be huge room for growth.

"They’ve gone crazy. These people have really gone crazy."

Viscount Roster couldn’t help sighing. "Demand hasn’t really increased much, but they’ve managed to create such a scarce market."

"I really don’t know what terrifying level this will reach if it keeps going."

For some reason, he could vaguely see a scene where the market would crash before too long.

You had to know that the contracts circulating in the futures market before were all real orders. Foster Iron Mine Company was really producing this stuff.

If demand didn’t increase, all this extra steel with nowhere to go—the price would definitely crash.

However, right then, Viscount Roster discovered things weren’t that simple.

He suddenly saw new information appear on the Magic Net.

"Due to increasing numbers of residents, the City of Gold will begin large-scale construction of new-style houses and new-style hotels to solve more people’s housing problems. It’s expected to accommodate over 1 million people."

This news had only been posted for a few minutes but had already attracted countless people’s attention.

With the prosperity of the stock exchange and bond exchange, and Dragon Bank’s scale getting bigger and bigger, the City of Gold—as the base for these financial industries—was gathering more and more people. 𝐟𝐫𝕖𝗲𝘄𝚎𝗯𝕟𝐨𝕧𝐞𝚕.𝕔𝕠𝐦

There were even lots of teams with financial industry at their core.

These people all stationed themselves in the City of Gold. Quite a few people even felt the City of Gold was a place of good fortune.

In this situation, people had expectations about the City of Gold’s population exploding.

When they saw news like this, they didn’t find it odd.

They easily accepted this kind of thing.

"I never imagined the City of Gold’s population had already reached this level."

"Actually feels pretty normal. After all, there’s so much money circulating there. Just the dragons’ businesses alone have absorbed who knows how many employees. Many of these people need to live in the City of Gold."

"I never thought that besides Foster Iron Mine Company and Roster Territory Group Company, the first to build new-style houses would actually be the City of Gold."

"Can any expert explain what exactly these new-style houses are?"

"Just search on the video side yourself. They’re super tall buildings that can hold tons and tons of people."

"I heard these new-style houses have their main structure made from steel. Doesn’t that mean steel demand will keep skyrocketing?"

"Ever since the futures market appeared, it feels like steel demand suddenly increased. Everyone’s discussing steel. Did people just not notice before, or did this just start happening?"

"I think there really are a lot of places in daily life that need steel. Having this kind of change is pretty normal, right?"

"..."

Watching the crazy discussions online, Viscount Roster didn’t know what to say for a moment.

To pump up steel prices, these people seemed to really be starting to do some things.

If that was the case, maybe steel prices in the future wouldn’t collapse like he imagined. But one thing was certain—if things really went this way, it would have an excellent stimulating effect on the arrival of the magic-tech industrial era.

While Viscount Roster was lost in fantasy, in the City of Gold, at the castellan’s manor, the Lord of the City of Gold looked at several people in front of him with a laugh:

"Looks like the results are pretty good."

"Yeah, better than we imagined. We really have you to thank."

Hearing this, the Lord of the City of Gold waved his hand dismissively. "We’re all getting what we need. The City of Gold’s population has indeed exceeded its capacity. Right now we’re barely managing. Before long it might really explode."

"Since you’re willing to invest funds to build new-style houses, I naturally have no reason to refuse."

"I don’t care what financial activities you have, I don’t care how much you can make in the futures market. I only care whether you can build the houses you promised me."

Hearing the City Lord’s words, the several people present smiled dismissively. "Don’t worry. They’re just a few houses. We’ll definitely build them for you."

These people were among the earliest to position themselves in steel futures.

When any market first appeared, there would be a honeymoon period. During this period there was almost no risk—you just needed to operate step by step and you’d get several times or even dozens of times the profit.

Just like when the stock exchange first appeared.

They carefully selected from all commodities, and steel was most suitable for manipulation.

So these several nobles joined forces to start hoarding steel contracts on a large scale and began pumping up steel prices.

Actually, if they stopped now, they could already count several million gold coins, even tens of millions of gold coins.

But once greed arose, how could they end it so easily?

They still had a whole package of plans. If they implemented them all, there would be many times more profit.

Building a new district for the City of Gold was also one of their plans.

Besides that, they were even willing to establish tons of new-era workshops at major thoroughfares, purchase tons of magic-powered machinery, and produce all kinds of things, especially metal products.

Establishing factories was good news.

Purchasing magic-powered machinery was good news.

Producing metal products was even better news.

Especially the magic-powered vehicles and ultra-high-speed rail system that Viscount Roster was now working hard to build—through their analysis, both these things were huge steel consumers.

Using them well, they could easily raise steel prices again.

Moreover, they firmly believed that if they proposed building an ultra-high-speed rail system, Viscount Roster definitely wouldn’t refuse.

After all, Viscount Roster’s biggest identity was as a believer of the Church of Technology.

While they were discussing this, in the futures market, steel prices started climbing again.

The climbing effect even far exceeded before.

If the City of Gold could build new-style houses, wouldn’t other places build them too?

These new-style houses had tons of benefits!