[SMM News] Nanjing Iron and Steel Co., Ltd., Chongqing Iron and Steel Co., Ltd.

Published: Jun 16, 2020 11:05

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A spokesman for the National Development and Reform Commission said that the next step will actively promote the replacement and recycling of household appliances and cars to give full play to the investment in the central budget; the raw material end of Brazil, India and other countries continue to ferment, the iron ore supply side continues to be disturbed, and there is also strong support for iron and steel costs.

SMM6 March 16 News: the iron and steel plate rose stronger in the morning, Nanjing Iron and Steel shares, Chongqing Iron and Steel limit, Shaoguan Steel Songshan, Linggang shares, CITIC Special Steel, Hangzhou Iron and Steel shares rose.

On the news side, a spokesman for the National Development and Reform Commission said that in the next step, we will actively promote the replacement and recycling of household appliances and automobiles, give full play to the prying and traction role of investment in the central budget, local government special bonds, and special anti-epidemic treasury bonds, and speed up the construction of short boards. This will stimulate the production of home appliances, automobiles and other terminals, thus driving the increase in demand for steel and supporting the spot price of steel.

In addition, the iron ore raw material end Brazil, India and other countries continue to ferment, iron ore supply side continues to be disturbed, there is also a strong support for steel costs.

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