China will step up efforts in reducing steel production and set up a mechanism for the regulation of the remaining steel to reach goals for "carbon-peak" and "carbon neutralization".

China will come out with an action plan soon to further reduce the carbon footprint of the steel industry in the country, a top industry association said on Wednesday.

Roach said he expects container rates to normalize later in the year after COVID-19 vaccines have been rolled out globally.

Imports of iron ore and iron ore concentrates also rose, climbing 11 percent from 2019.

The 2105 ferrosilicon contract price on ZCE closed at 7012 yuan per ton on January 27.

On the 27th, the national billet market rose steadily.

Ferrosilicon Bidding Information in February, 2021 (01/28/2021).

China Baowu Iron and Steel Group Co., Ltd. announced in Shanghai that it would achieve a historic breakthrough of over 100 million tons of steel per year.