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According to figures released by the Brazilian Steel Association, Brazilian steel mills increased production in December.

Rio Tinto, the world's largest iron ore producer, expects shipments of the steel-making metal to reach up to 340 million tonnes in 2021.

On January 15, the Shanxi headquarters of China Baowu Iron and Steel Group Co., Ltd. was opened in Taiyuan.

China's steel production in December 2020

Aslan pointed out that the industry could not accomplish most of the planned activities and projects last year due to the pandemic.

Its main imports from Australia last year included iron ore and natural gas, which took up 70.6 percent of the total Chinese imports from Australia.

Recently, a number of iron and steel enterprises announced their business revenue and production in 2020.

Recently, the steel price shows a high fluctuation trend. Affected by the price and future expectations, the enthusiasm of steel traders for winter storage is not high as a whole.