According to relevant reports, the Asian steel market has been talking about the possibility of China cutting the steel export tax rebate from the current 13% to 9%, or abolishing it altogether.

China's central position in Global trade has been further strengthened in 2020. Although the epidemic has more or less affected the supply chain, China's major container hub ports continue to achieve record volume growth.

The company has engaged a local consultant group that will undertake the phase 1 and phase 2 exploration program aimed at firming up the prospectivity of Gwesan Vanadium Project.

Early February 2021, the key steel enterprises produced 2154.43 million tons of crude steel, 19.1633 million tons of pig iron, 20.1773 million tons of steel.

MACA marks the expansion potential of the China-Australia iron ore project

The province afforested more than 2.6 million hectares of land from 2016 to 2020, raising its forest coverage from 31 percent to 35 percent, the report added.

Ground has been broken for a massive expansion project that will add an electric arc furnace to the AM/NS Calvert steel mill north of Mobile.

During the period, the province also saw the number of national-level high-tech enterprises increase nearly five-fold from 1,628 to 9,400.