It is reported that China’s Railway Corp announced to extend its total investment of US$8.8 billion on railway in first quarter of 2013. Meanwhile, the company will try to focus on the renovation, deviating from its concentration on new railway construction.
Currently, the most major rail makers in China were operating their mills at full capacity as demand had continued to improve since last 2012. In the meantime, China’s heavy rail production output up by 54.8% y-o-y to 616,000 tons in the first two months this year. The company is likely to see the improvement of new plans this year.