16
May
10:03
Xinjiang Province moves to boost local steel demand
Xinjiang in northwest China will boost investment in traffic infrastructure in 2016, the government said at a conference last week. More importantly, it has linked the investments to local steelmakers by requiring the use of local steel, Kallanish notes.
The local department of transport plans to increase its investment 4% year-on-year to CNY 26 billion ($3.98 billion) this year, building 54 transport infrastructure projects. Project contractors will b…
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Anonymous
Very good overview of the weekly steel market.
Anonymous