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[Ferro-Alloys.com] China's customs data showed that China's finished steel exports in December 2019 dropped 15.7% YoY to 4.684 million tonnes. China's finished steel exports dropped 7.3% year on year to 64.293 million tonnes in 2019, the lowest annual total since 2014.
Reuters reported that Japan’s top electric-arc furnace steelmaker Tokyo Steel Manufacturing Co Ltd said that it would keep steel product prices unchanged for a fourth straight month in February, as it awaited confirmation that a recovery in steel markets would continue both at home and abroad.
Tongchuan, an industrial city and former coal production base in Shaanxi province, northwest China, needs to increase technological and conceptual innovation to achieve high-quality development, the top city official has said.
"In the past, traditional industries created value for us," said Yang Changya, secretary of Tongchuan Municipal Party Committee. "The data of economic growth is very good, but it is a backward mode of production. We must remove it through reform to achieve scientific development and high-quality development."
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- [Editor:kangmingfei]
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