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The output of ferrochrome and stainless steel dropped in 2020.

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.

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

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

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

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

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

China Metallurgical Association held a meeting to promote the high-quality development of private iron and steel, pointing out that China proposed to achieve carbon peak by 2030 and carbon neutralization by 2060.