The Ministry of Industry and Information Technology recently announced the operation of the iron and steel industry from January to December 2020. According to the published data, from January to December 2020, the output of pig iron, crude steel and steel in China was 888 million tons, 1053 million tons and 1325 million tons respectively, with a year-on-year increase of 4.3%, 5.2% and 7.7% respectively.

It is understood that from January to December 2020, China's total imports of steel products was 20.233 million tons, with a year-on-year growth of 64.4%, and the average price was $831.6 per ton. Over the same period, China exported 53.671 million tons of steel products, a year-on-year decrease of 16.5%, with an average price of US $847.2 per ton.