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The total trading volume of 2403 contract on the exchange was 164876 lots, with a turnover of about 5521.3345 million yuan.

The industry association will also continue to call for the restoration of export tax rebates for high-end steel products.

Also in 2023, new orders surged 56.4 percent year-on-year to 71.2 million deadweight tons, accounting for 66.6 percent of the global total, the data showed.

The total trading volume of 2403 contract on the exchange was109611 lots, with a turnover of about 3676.0423 million yuan.

According to data from the Brazilian Ministry of Development, Industry, and Foreign Trade (Mdic), iron ore exports reached a total of 378.5 million metric tons in 2023.