Ukraine's steel pipe production fell by 16.3% in 2020

Roach said he expects container rates to normalize later in the year after COVID-19 vaccines have been rolled out globally.

Imports of iron ore and iron ore concentrates also rose, climbing 11 percent from 2019.

One of the routes, linking China and Malaysia, will help build an efficient and low-cost maritime logistics channel.

China will come out with an action plan soon to further reduce the carbon footprint of the steel industry in the country, a top industry association said on Wednesday.

On the 27th, the national billet market rose steadily.

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.

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".