Baoshan Steel said on Wednesday it expects steel demand in China to find strong support from both traditional and new infrastructure sectors in the final quarter of this year and next year, supported by the latest stimulus measures.
China's top parliamentary body has approved a bill that will allow local governments to pre-load part of their 2024 bond quotas and issue new sovereign debt, state media reported Tuesday, in a bid to support the economy.
Baosteel expects infrastructure to strongly support steel demand in China
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