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Faster restart to China building projects after CNY.

2022-02-15

The survey constructed over February 7-10 across 12,099 construction projects in China showed that work on 27.3% had resumed as of the first week after CNY - a significantly larger proportion than the 17.5% restarting work over the same period last year. 
This year's result is doubly significant because last year in the first week following the CNY holiday, the rate of work resumption was already high, as many migrant workers were asked to avoid travelling home and to stay at their place of work for the celebration. 
"This year the resumption has been even faster, partly because some migrant workers returned to their job sites earlier - just in case they were required to spend time in quarantine," a survey respondent observed. But the speed of construction activity restarting also relates to the need to accelerate certain infrastructure projects in response to the government's request.
The resumption rate is predicted to increase further to 58.6% by February 17, according to the survey.
The resumption rate on construction projects in South China was the highest at 54.5%, up 26 percentage points compared with the first week after last CNY, but in North China, the rate was 16 percentage point lower on the same comparison, the numbers show. "That's mainly because building activity there (in North China) is disrupted due to restrictions associated with the Winter Olympics," according to the respondent.
The Winter Olympic Games are being held over February 4-20 in North China's Beijing, Yanqing and Zhangjiakou, and activities in and around the regions that generate dust or industrial pollution have been restricted in order to ensure that skies remain clear for the international event.
2022-year more construction contractors recommenced work earlier post-CNY than in other years, and the pace of building after the restarts seems quicker. So China domestic construction projects will demand a large quantity of steel materials, especially hot rolled steel coil, hot dipped galvanized steel coil and color coated steel coil.