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

According to the Wuhan Shipping Exchange, the ships overstocking in some ports continued this week.

"[Rail operator] Transnet Freight Rail (TFR) is cancelling many trains," said one supplier.

Japanese steel mill Nippon Steel expects its crude steel output in this year's January-March quarter to recover above 10mn t for the first time since January-March 2020.

The German Business Daily reported recently, the German Steel Association said, German crude steel production in 2020 was 35.7 million tons, down 10% from the weaker 2019, the lowest level since 2009.

According to the news, the Ministry of Finance of India released its 2021 budget on February 1 and said it would reduce import duties on some stainless steel products.

BYD's January sales of new energy vehicles in 20178 increased by 182.88% year-on-year

Myanmar's military coup spurs growth of rare earth metals market