Chinese steel futures closed at all-time highs on Monday, underpinned by robust demand and concerns over production curbs, while benchmark iron ore prices hit record highs, fuelled by structural supply shortage.

Chinese steel futures closed at all-time highs on Monday, underpinned by robust demand and concerns over production curbs, while benchmark iron ore prices hit record highs, fuelled by structural supply shortage.

Recently, Baotai 1.1 million tons stainless steel cold rolling project, which was signed and settled in Luoyuanwan, Fuzhou, has been put on record.

The progress plan of Jinbo Yu island port industrial park in Putuo District implemented by Zhejiang Tsingshan digital science and Technology Co., Ltd. under Tsingshan holding company has been disclosed recently.

The group has experience in large scale production, material resources and manufacturing. These factors have ensured high quality and reasonable prices for its cargo.

Steelmaker JSW Steel reported a 6% growth in the crude steel production of 4.19 million tonnes in the last quarter of the financial year 2021.

India's primary steelmakers have increased their share of exports in Q4 amid rising international steel prices.

Nearly 7,000 tonnes of pipes were shipped to the US, Australia, and Canada during the period, a year-on-year rise of 31 percent.