Japan’s largest steelmaker Nippon Steel said on 5 March that it would cut capacity by another 10% as domestic demand fell and competition from china intensified.

China Economic Times: in 2020, the supply and demand of steel market will be relatively loose. How will the industry perform? What will be the trend in 2021? What are the main influencing factors?

China's Baowu again! Shaogang and Huidong Huaye, Yuebei iron and steel signed a contract! Zhongnan iron and Steel Co., Ltd. will revitalize the capacity of more than 20 million tons EAF stock steel plants in Guangdong Province!

In the first two months of 2021, China imported 2.395 million tons of steel, an increase of 17.4%, and the average import price was 7134.8 yuan per ton, an increase of 0.9%.

China will "strengthen management and control" of its strategic mineral resources, the government said on Friday as it set out a five-year development plan, without providing any details on how it plans to secure key supplies and boost self-sufficiency.

Results from the first campaign of the National Drilling Initiative (NDI) confirm the mineral potential of a previously under-explored region of northern Australia.

According to Reuters, the company will spend $6.88 billion to build a steel plant in eastern India’s Odisha under an agreement with ArcelorMittal Nippon Steel India.

It is understood that the current U.S. steel plant capacity utilization rate is only 75%, far below last February 82% level.