China's steel demand to rise in 2017
2017-02-09 14:45:34 [Print]
It is reported that China’s steel demand will rise in 2017 due to massive infrastructure projects being underway in China. The investment is expected to reach RMB3,000 billion.
According to professional organization statistics, it will bring around 2,000 tonnes-3,000 tonnes demand for per RMB100 million investment, totaled around 320 million tonnes to 480 million tonnes.
Among them, rebar, wire, round bar and H-section…etc. are primary requirement for infrastructure. It is said China is both the world's largest steel producer and consumer.
According to professional organization statistics, it will bring around 2,000 tonnes-3,000 tonnes demand for per RMB100 million investment, totaled around 320 million tonnes to 480 million tonnes.
Among them, rebar, wire, round bar and H-section…etc. are primary requirement for infrastructure. It is said China is both the world's largest steel producer and consumer.
