09
Nov
05:59
China encourages new-energy vehicle consumption
On 9 November the People’s Bank of China (PBoC) and China Banking Regulatory Commission (CBRC) together issued a notice on vehicle purchase loans which could further boost steel demand from electric vehicles. The policy sets rules on loans to purchase different vehicle types, with new-energy vehicles seeing the most advantageous terms starting in 2018, Kallanish notes.
According to the announcement loans can be taken to cover 80% of the cost of traditional…
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Anonymous
Very good overview of the weekly steel market.
Anonymous