This was a 9.8% increase from the 2,262,000 permit tons recorded in December and a 12.7% increase from the December final imports total of 2,203,000.

In Gansu's Wuwei city, a 500,000 mu (33,333 hectares) photovoltaic power base is under construction, with a total installed capacity of 15 million kilowatts.

US steelmaker Nucor has raised its flat rolled steel prices by $100/short ton (st) and set a minimum target price of $1,000/st for hot rolled coil (HRC) products.

US steelmaker Nucor kept its plate prices flat last week in its latest price announcement for the products.

North China's Hebei province saw its foreign trade grow 3.9 percent year-on-year to 562.9 billion yuan ($82.61 billion) in 2022, according to local customs.

China's steel industry is expected to see roughly balanced supply and demand in 2023, thanks to the steady recovery of the Chinese economy, according to a senior official of China's top steel industry association.

The Argus weekly domestic US HRC Midwest and southern assessments both rose by $50/st to $900/st on Tuesday.

Australian resources firm BHP and Japanese trading house Mitsubishi plan to sell the 12mn t/yr Blackwater and 2.5mn t/yr Daunia mines from their BHP Mitsubishi Alliance (BMA) joint venture in Queensland.