China’s National Development and Reform Commission (NDRC) has announced that it approved seven key projects in May, with an overall investment of RMB 129.8 billion ($18.3 billion), mainly in the transportation and energy sectors.
Meanwhile, the NDRC also stated that it will encourage all categories of cities, especially those with large numbers of rural migrant workers, to liberalize and ease restrictions on household registration and to provide basic public service facilities.
China has been taking measures to stimulate infrastructure construction, which will boost demand for steel.