The campaign will last until the end of March.

In addition, expectations that the US dollar will further depreciate are adding to the buoyancy in the market, they said.

The 2105 ferrosilicon contract price on ZCE closed at 7338 yuan per ton on February 18.

On a year-on-year basis, PPI rose 0.3% in January.

The price of Q235 high-speed wire rod is increased by 100 yuan.

From January to December 2020, China's total imports of steel products was 20.233 million tons.

For the construction of highways, the Modi government has allowed the usage of steel produced by secondary steel makers.

The export of South African coal to China is poised to continue while China decides not to buy Australian coal, Glencore CEO Ivan Glasenberg said during this week’s Glencore media conference.