National Development and Reform Commission approval of rail transit construction in 17 cities on September 5 including Shijiazhuang, Taiyuan, Lanzhou, Shenyang, Guangzhou, Xiamen, Changzhou, Harbin, Shanghai, Tianjin, Chengdu, Xi’an, Changchun, Ningbo, Suzhou, Qingdao and Shenzhen.

With total investment of CNY 714.375 billion the rail transit construction projects will be bound to drive consumption of steel products. As main materials for rail transit construction, demands for grade III-above rebar, medium plate, HR coil/plate, light rail, stainless steel, CR coil/plate and galvanized steel will mount up substantially.

Besides, the engineering machinery industry, transport machines, structural components, railway carriage locomotive, communication apparatus and operating system will be also lifted by the rail transit construction and thus demands for corrosion-resistant medium plate and HR coil/plate will be provoked as well.

NDRC indicated this approval of rail transit construction projects embodies the stable economic growth and meanwhile, will guarantee relatively stable and continuous demands for steel products.

Source: www.steelhome.cn/en
China steel information centre and industry database

(www.steelguru.com)