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Steelmakers of Taiwan May Benefit as China’s Urbanization Intensifies

Source: Taiwantrade | Updated: 21 December 2012

As China plans to step up its urbanization efforts in 2013, the steelmakers and fastener makers of Taiwan are also gearing up for massive demands. For instance, China may spend more than one hundred US dollars in railway projects next year.

 

With more than half of that massive budget possibly going into high-speed rail projects, many of Taiwan’s steel companies who specialize in advanced steel products are eyeing the huge potential of China’s domestic demand, which may include the bars, beams, plates, and fasteners necessary in building the tracks, trains, and train stations of high-speed rail systems.

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