According to preliminary data released by the U.S. Census Bureau, U.S. steel imports fell 21.2%t to 22.019 million tons in 2020 from a year earlier.

The 2105 ferrosilicon contract price on ZCE closed at 6582 yuan per ton on February 2.

The state-owned assets supervision and Administration Commission of Yunnan Province plans to transfer its 90% equity of Kunming Iron and Steel Co., Ltd. to China Baowu for free.

The first shipment of iron ore from Sierra Leone's New Tonkolili Iron Ore Project set sail for China from the country's Pepel Port on Friday.

China Taiyuan coal transaction price index stood at 143.89 points Monday, down 0.12 percent week on week.

Japan's coking coal imports rose in December to an eight-month high on increased shipments from Indonesia, underpinned by the strong recovery of Japan's steel industry.

Urals-based MMK sold 5pc less steel in 2020, reaching 10.8mn t, of which 4.3mn t was hot-rolled coil (HRC), down by 3.8pc on the year.

The last increase was on 8 January, making this the fifth offer hike since mid-November last year of a total of €200/t.