Infrastructure to spur Chinese steel bull run

Dec 17, 2009 | 11:40 AM |

China will require more steel as a new round of economic growth begins, according to Chen Dongqi, vice director of macro-economy institute National Development and Reform Commission.

China has entered its fourth round of economic growth, which will lead to steel demand gains vs. the previous three rounds of growth, media reports quoted Chen as saying.

Key drivers behind the rise in steel demand will be infrastructure projects, domestic car sales, property investment and growth in the oil and gas sectors.....





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