China's stimulus policies expected to bolster steel demand
Views : 81
Update time : 2024-05-23 16:23:40
China has recently introduced several macroeconomic stimulus policies, significantly boosting market confidence and steel demand. Key measures include the acceleration of a CNY 1 trillion additional government bond issuance project, issuance of ultra-long-term government bonds, reduction of down payment ratios and mortgage interest rates, and trade-in programs.
The National Development and Reform Commission (NDRC) reported that currently, 15,000 out of 21,000 projects have started, with an operational rate of 72%. The remaining projects aim to commence by the end of June, indicating an acceleration of about 4,000 projects within a month, boosting demand.
Moreover, the NDRC is preparing to issue the first batch of ultra-long-term special government bond projects. These bonds are set to finance major projects that can begin immediately once funds are available, expediting project implementation.
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
