Japanese steel mill Nippon Steel expects its crude steel output in this year's January-March quarter to recover above 10mn t for the first time since January-March 2020.
The German Business Daily reported recently, the German Steel Association said, German crude steel production in 2020 was 35.7 million tons, down 10% from the weaker 2019, the lowest level since 2009.
According to the news, the Ministry of Finance of India released its 2021 budget on February 1 and said it would reduce import duties on some stainless steel products.