The Chinese government will increase investments in railway construction and intends to overfulfill the set plan for 2013. Government portal www.gov.cn announced that investment in China's infrastructure will increase.
If the target is met, the railways will receive US $ 56 billion (343 billion yuan) in government subventions in the second half of this year. And this despite the fact that more than $ 30 billion has already been sent there in the first six months.
Steel consumption in China will grow by 5 percent by the end of 2013, analysts in Shanghai say.
The most significant increase in consumption will be demonstrated by galvanizing, which is widely used in the manufacture of road fences, roofing materials and hangars.
Official statistics show that consumption of galvanized and cold-rolled sheet steel in the first 7 months from the beginning of 2013 increased by 11 percent and amounted to 24 million 300 thousand tons.
The growth in demand for galvanized steel will support the increase in zinc consumption, which may reach 2 million 900 thousand tons in the second half of the year.
