Ferrosilicon Bidding Information in February, 2021 (01/28/2021).

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.

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

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

The 2105 ferrosilicon contract price on ZCE closed at 7012 yuan per ton on January 27.

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".

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 Baowu Iron and Steel Group Co., Ltd. announced in Shanghai that it would achieve a historic breakthrough of over 100 million tons of steel per year.