This is the basis for the more positive economic picture we forecasted in our 2021 Short Range Outlook (SRO), where steel demand is expected to recover to 1,795 Mt, an increase of 4.1 % over 2020.
According to the National Bureau of Statistics data, the national iron ore production in December 2020 was 77.201 million tons, 1.809 million tons more than last month, an increase of 2.4% month-on-month and an increase of 2.0% year-on-year; A total of 866.717...