Yieh Corp Steel News – Yieh Corp Steel News

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Following China’s announcement of the issuance of special very long-term Treasury bonds, market sentiment rose, anticipating an increase in investment and the resulting demand. The bonds include terms of 20 years, 30 years and 50 years.

The move is expected to inject substantial investment into infrastructure projects such as high-speed rail, highways and urban transportation, as well as technological innovation sectors such as high-end manufacturing and new energy. Therefore, increased investment is expected to lead to an increase in demand for steel, which would benefit the steel industry.

In response, China’s black futures prices recovered and spot steel products stabilized, strengthening market sentiment and causing a rebound in trading volume. Additionally, all six major LME base metals surged.

Market analysts attribute this optimism not only to bond issuance, but also to China’s policy initiatives, such as the old-for-new policy, which boosts consumer spending and boosts production and expansion of businesses, ultimately boosting capital investment and steel consumption. This anticipated increase in steel demand should support the upward trend in steel prices.



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