On 5 February the European Parliament’s environment committee (ENVI) voted on the Carbon Border Adjustment Mechanism (CBAM) with 58 votes for, 8 against and 10 abstentions.

Economic Value News of Brazil reported on February 22, according to figures released by the Brazilian Steel Industry Association (IABR) on Monday, Brazilian steel production in 2020 was 30.97 million tons, down 4.9% from a year earlier.

Two new iron mines have been put into production in the Indian state of Orissa to help ease the country's iron ore shortage.

The amount exceeded the previous record of 1.08 billion tons in 2017, said the General Administration of Customs.

Nation promotes electric arc furnaces as a viable alternative for better environmental protection.

"China has been the largest market for Vale since 2006 and has become more and more important to Vale in recent years," Xie said.

Although there is yet to be a clear definition, experts believe that industries of the future share the features of boasting leading-edge technologies and prospects for explosive growth.

Mid-February 2021, the key steel enterprises produced 22.8236 million tons of crude steel, 20.2097 million tons of pig iron, 21.2086 million tons of steel products.