In December, 2020, China produced 91.2521 million tons of crude steel, a year-on-year increase of 7.75%

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's coal imports bounced back in December as domestic demand for the fuel surged during the harsh early winter.

With more than 10,000 registered coal traders, the CTCTC is the largest coal trading center in China.

The Ministry of Ecology and Environment issued a regulation on carbon emissions trading, along with an allocation plan for emissions quotas on Jan 5. The regulation and the plan will take effect on Feb 1.

China has sent a strong signal that it will ramp up efforts to curb carbon emissions with a vow to include climate impact in the nation's environmental impact assessment.

Recently, a number of iron and steel enterprises announced their business revenue and production in 2020.

Recently, the steel price shows a high fluctuation trend. Affected by the price and future expectations, the enthusiasm of steel traders for winter storage is not high as a whole.