According to the Wuhan Shipping Exchange, the ships overstocking in some ports continued this week.

The increase took overall shipments for the last year to 407mn, slightly higher than a government-set target for the year of 400mn t.

Baowu produced 96mn t of steel in 2019 to overtake Luxembourg-based ArcelorMittal, which produced 89.8mn t, as the world's largest steelmaker.

Under the action of many factors, the short-term rebar price is easy to fall but difficult to rise.

In one of the most challenging engineering projects ever undertaken, Chile is building a unique steel-built suspension bridge near the site of the strongest earthquake ever recorded.

"[Rail operator] Transnet Freight Rail (TFR) is cancelling many trains," said one supplier.

It is expected that a new round of coal price rise will not appear until April or may.

The carbon intensity of the UK power sector reached its highest level in over a year in January.