Zinc Use in China Seen Stronger by CRU on Construction Spending
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Zinc usage is strengthening in China, the world’s biggest consumer of the metal used to rust-proof steel, as the state finances spending on building, according to researcher CRU.
“Orders are picking up sharply,” London-based analyst Graham Deller said by phone. “The bulk of zinc used in China is within domestic construction. The uptick in construction orders, especially government-funded construction, which happened the third and fourth quarter of last year -- that’s feeding into physical demand. Galvanizers have a lot of business.”