The European Commission is examining the possibility of lifting import tariffs on steel products by June 30 this year. The tariff has a negative impact on U.S. ship exporters.

Russia's reliance on metallurgical coal by major steelmakers means it will not be able to stop using coal as soon as possible, but companies are also actively trying to reduce carbon dioxide and achieve green steel production.

A scoping study by ASX-listed Australian Strategic Materials (ASM) into an initial 5 200 t/y metals plant in Korea, has demonstrated the feasibility for the project.

South Korean steel companies are getting busier as demand for steel increases at home and abroad, Yonhap reported.

Japan's scrap exports fell by 23.5% in January

The coordination has also brought a cleaner environment to people in the region.

The 5G user base and the number of 5G devices in commercial use have exploded since 2019.

"China is probably the only major economy to have grown in 2020, and it will be at the heart of international recovery this year," Bevan said.