In addition, expectations that the US dollar will further depreciate are adding to the buoyancy in the market, they said.

"Both countries have amazing smart people in the younger generation that would be proud to be part of this," Gates said.

From January to December 2020, China's total imports of steel products was 20.233 million tons.

The campaign will last until the end of March.

The export of South African coal to China is poised to continue while China decides not to buy Australian coal, Glencore CEO Ivan Glasenberg said during this week’s Glencore media conference.

The ferrochrome business of diversified mining and marketing company Glencore, which uses a substantial amount of electricity, is evaluating various clean energy projects, Glencore Alloys CEO Japie Fullard said during this week’s Glencore media conference.

Glencore's Full Year 2020 Production Report

In 2021, Chongqing Iron and Steel focused on the development of production and management, focusing on the construction objectives of more than 10 million tons of iron and steel enterprises,