11
Apr
06:12
China's railway investment rises 6.6% in first-quarter
China State Railway Group completed railway fixed asset investment of CNY 113.55 billion ($16.49 billion) in the first quarter of this year, a year-on-year increase of 6.6%.
This implies around 3.78mt of steel consumption in the first three months of 2023, Kallanish estimates. For March only, CNY 53.95 billion railway fixed asset investment was completed, compared to the CNY 59.6 billion investment in January-February.
By the end of 2022, China had 155,000km…
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Anonymous
Very good overview of the weekly steel market.
Anonymous