13
Oct
08:42
NDRC approves $20 billion in urban rail investments
Earlier this week China’s National Development and Reform Commission (NDRC) approved two urban rail transport projects with a total investment value of CNY 133.9 billion ($19.94 billion). These projects alone could generate steel demand of 13.39 million tonnes over 2016-2020, Kallanish estimates.
One project is in north-western Xinjiang with an investment of CNY 33.81 billion, the other is in south-eastern Xiamen with CNY 100.1 billion investment. Over 201…
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Anonymous
Very good overview of the weekly steel market.
Anonymous