March 14, 2025 03:34 GMT
MNI BRIEF: China Rail Freight Up During First Two Months
MNI (BEIJING) - China’s rail freight dispatched 808 million tonnes during the first two months of the year, a y/y increase of 0.3%, the State Railway Administration said on Friday.
Metal ore, mining and construction materials totalled 146.0, 90.0, and 19.0 million tonnes, up 18.2%, 9.3%, and 58.4% year-on-year, the data showed, with national railway fixed asset investment reaching CNY68.5 billion, up 5.1%.
Beijing’s moves to boost domestic demand and market expectations for output cuts should keep steel rebar futures at around CNY3,150-3,400 a tonne over the next few months, local analysts told MNI. (See MNI: China Stimulus To Support Steel Futures Until Peak Season)
Keep reading...Show less
103 words