09
Apr
01:00
Chinas urban rail investment approaches peak
A vast number of ongoing and planned urban rail transit projects helped China grow steel demand in 2014 and investment is continuing to grow. The trend cannot continue endlessly however and investment could peak in the next 2-5 years, Kallanish notes.
In 2014, 36 Chinese cities invested CNY 285.7 billion ($46 billion) in urban rail transit, 33% more than in 2013. Using the "10,000 tonnes of steel per CNY 100 million investment" rule utilised by the…
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Anonymous
Very good overview of the weekly steel market.
Anonymous