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Reuters news agency in Tokyo on February 5, Japan’s biggest steelmaker, Nippon Steel, cut its annual net loss estimate for the fiscal year’s net loss by nearly 30% on Friday as rising export prices and recovery in demand from car makers and other manufacture...

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

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

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

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

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

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

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.