Global crude steel production in 2020 slipped 0.9% year over year to 1.86 billion mt as rising output in Iran, Turkey and China almost fully offset losses in most other major steel-producing countries, the World Steel Association said in a Jan. 26 report.

The slab import market in East Asia has gone quiet after prices reached peaks earlier this month, Kallanish notes.

Global crude steel production reached 1.864 billion tons in 2020, down 0.9% from the same period last year.

According to data released by the World Steel Association, in December 2020, the crude steel production in 64 countries included in the World Steel Association statistics was 160.9 million tons, an increase of 5.8% from the same period last year.

In 2020, China's stainless steel production will increase by 2.51% year-on-year to 30.139 million tons.

On January 23, Fengzhen City issued a new notice on dual-control policy of energy consumption.

Is the rapid growth of steel consumption and release of steel production capacity sustainable? It needs to be analyzed carefully, treated rationally and dealt with scientifically.

On the evening of January 25, Fushun Special Steel Co. Ltd reported earnings forecasts that the company expects to achieve net profit attributable to shareholders in listed companies in 2020 between 530-590 million yuan, an increase of 75.48% to 95.34% over t...