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.

Its main imports from Australia last year included iron ore and natural gas, which took up 70.6 percent of the total Chinese imports from Australia.

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

One of the routes, linking China and Malaysia, will help build an efficient and low-cost maritime logistics channel.

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

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.

The Ministry of industry and information technology will study and formulate relevant work plans to ensure the full realization of the year-on-year decline of steel production in 2021.

The very first "metal farms" are starting to appear in China and Europe, with Asian experts leading this imaginative and green-friendly technology.