18
May
01:00
China rail approvals pick up pace to boost economy
China’s National Development and Reform Commission approved on 18 May rail projects worth a combined CNY 244 billion ($39 billion). The move marks an acceleration of approvals which confirms that the sector could be used to support economic growth and therefore strengthen domestic steel demand, Kallanish notes.
The Xuzhou-Huaian-Yancheng and Jinan-Qingdao rail lines, and the Tongliao and Chifeng sections of the Beijing-Shenyang line are high …
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Anonymous
Very good overview of the weekly steel market.
Anonymous