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.

Monthly centralized bidding transaction in Guangxi power market.

“This will remove a major bottleneck in transportation of LMO to states. As on date, 1172 tankers are available for LMO, with the capacity 15900 MT,” the statement said.

The sale of construction steel hit 855,000 tonnes, a year-on-year surge of 17 percent. Exports of the item topped 147,000 tonnes, up 10 percent.

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

Hung Nghiep Formosa Ha Tinh took the second spot with output of 1.62 million tonnes, 20 percent lower than Hoa Phat.