14
Sep
05:58
Yangtze River Delta predicts $155 billion railway investment
Investment in railway infrastructure construction in the Yangtze River Delta Region in eastern China is predicted to exceed CNY 75 billion ($11.6 billion) this year, and total around CNY 1 trillion over 2021-2025, according to China Railway Shanghai Group.
The above railway construction will require about 2.5 million tonnes of steel in 2021 and 33.3mt of steel in total in the next five years, Kallanish observes based on historical investment averages.
The operati…
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Anonymous
Very good overview of the weekly steel market.
Anonymous