China’s increase in excavator sales signaling infrastructure development

Total sales of excavators in China during the period Jan-Aug’20 rose by 28.8% y-o-y to 201,474 units, with domestic sales of 190,222 units and 20.252 units exported, Ms Hongmei Li, Mysteel Global Singapore shared in SteelMint webinar. This closely shows robust domestic demand due to increased investments in infrastructure & construction sector.