Recently, CITIC Special Steel (CITIC Pacific Special Steel Group Co., Ltd.) issued 2020 performance report.

The increase took overall shipments for the last year to 407mn, slightly higher than a government-set target for the year of 400mn t.

According to the Wuhan Shipping Exchange, the ships overstocking in some ports continued this week.

Brazilian mining firm Vale said it expects to achieve iron ore production capacity of 350mn t/yr this year, up by 8.7pc from a year earlier.

The carbon intensity of the UK power sector reached its highest level in over a year in January.

In one of the most challenging engineering projects ever undertaken, Chile is building a unique steel-built suspension bridge near the site of the strongest earthquake ever recorded.

Under the action of many factors, the short-term rebar price is easy to fall but difficult to rise.

Baowu produced 96mn t of steel in 2019 to overtake Luxembourg-based ArcelorMittal, which produced 89.8mn t, as the world's largest steelmaker.