26
Oct
05:14
China increases road building investment spending on-year
China has completed CNY1.24 trillion ($183 billion) of investment in its road networks over January to September, an increase of 7.6% year-on-year, according to China’s National Development and Reform Commission.
According to official data from the Ministry of Transport, China spent CNY 1.65 trillion on road building in 2015, adding a total length of 113,400 kilometres. This equated to implied steel demand of around 17 million tonnes, Kallanish …
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Anonymous
Very good overview of the weekly steel market.
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