U.S. steel scrap exports fell by 18.8% in December, and by 4.5% in 2020

The Chinese automotive market is growing rapidly, with customers' expectations increasing as they seek suppliers which can support their transition to low-emissions vehicles, said Lakshmi Mittal, chairman and CEO of ArcelorMittal.

China Baowu Steel Group Co Ltd, the world's largest steel conglomerate, was the outcome of reorganizations between several State-owned steel giants.

In addition, high profits have greatly stimulated the capacity expansion of overseas mines, and the supply of iron ore continues to increase.

Provincial congress hails success in poverty alleviation, plans economic transformation.

Low-carbon & green strategy will become the biggest challenge affecting the survival and development of the iron and steel industry.

A total of 2,225 power firms across the country assigned with carbon dioxide emission caps can now trade their emission quotas via the system whereby firms that exceed their caps can purchase unused quotas from those with low emissions.

Chongqing Iron and Steel's striding forward to a scale of over 10 million tons.