China will step up efforts in reducing steel production and set up a mechanism for the regulation of the remaining steel to reach goals for "carbon-peak" and "carbon neutralization".

AISI Applauds Action to Strengthen Buy American Requirements for Taxpayer Funded Projects.

Global crude steel production in 2020 slipped 0.9% year over year to 1.86 billion mt as rising output in Iran, Turkey and China almost fully offset losses in most other major steel-producing countries, the World Steel Association said in a Jan. 26 report.

The slab import market in East Asia has gone quiet after prices reached peaks earlier this month, Kallanish notes.

Global crude steel production reached 1.864 billion tons in 2020, down 0.9% from the same period last year.

According to data released by the World Steel Association, in December 2020, the crude steel production in 64 countries included in the World Steel Association statistics was 160.9 million tons, an increase of 5.8% from the same period last year.

In 2020, China's stainless steel production will increase by 2.51% year-on-year to 30.139 million tons.

On January 23, Fengzhen City issued a new notice on dual-control policy of energy consumption.