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

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

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.

"[Rail operator] Transnet Freight Rail (TFR) is cancelling many trains," said one supplier.

It is expected that a new round of coal price rise will not appear until April or may.

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

In 2020, China's steel bar output was 266.391 million tons.

The company plans to produce up to 160000 tons of new products from the second half of 2022.