25
May
01:00
China railway investment extends to South America
China has used investment in its domestic railway network to boost the economy, supporting steel demand in the process. A wave of investment in neighbouring countries is also expected to boost demand for Chinese-made rails. Now China has new deals in South America which add to its recent deals in Russia and Africa, Kallanish notes.
Peru agreed last week to a feasibility study for a 5,300km railway connecting a Pacific Peruvian port to a Brazilian A…
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Anonymous
Very good overview of the weekly steel market.
Anonymous