China’s National Development and Reform Commission (NDRC) has approved the third phrase of the urban rail transit construction plans (2021-26) in Wuxi, Jiangsu Province, while agreeing the construction of the second phase of lines 4, 5, and 6, with an overall investment of RMB 48.068 billion ($7.5 billion).
The construction activities are expected to exert a positive impact on the demand for steel.