Related News
China helps to bolster steel price
China is among the contributors to bolster steel price in the global market, according to a press conference held today by the Ministry of Commerce.
Shen Danyang, a spokesman at the ministry, said China participated in the progress as the government has taken unprecedented efforts to cut supply and seek ways to expand domestic demand.
Price of steel in the global market has surged 20 percent from US$305 per ton at the year’s beginning to US$365 per ton in April.
The State Council, China’s cabinet announced in February that China plans to reduce steel production by 150 million tons over the next five years as the country aims to streamline its heavy industry.
“Apart from limits on capacity, we are taking comprehensive measures to expand domestic demand for steel,” said Shen, adding that lots of China’s infrastructure constructions are still in progress to boost the needs for steel.
- About Us
- |
- Terms of Use
- |
- RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证:沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证:31120180004
- |
- 网络视听许可证:0909346
- |
- 广播电视节目制作许可证:沪字第354号
- |
- 增值电信业务经营许可证:沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.