24
May
09:45
Gansu infrastructure, engineering investment to raise steel demand
Gansu Province in northwest China plans to increase investment in infrastructure and engineering projects to boost the local economy. The investment will generate millions of tonnes/year of steel demand, Kallanish notes.
Gansu says it will invest CNY 500 billion ($76.14 billion) to build 67,000km of road, including 4,073km of high speed road which will require CNY 376 billion of investment over 2015 to 2020. The high speed road will require an estimated 1.2 mill…
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Anonymous
Very good overview of the weekly steel market.
Anonymous