The 10 projects involve total investment of about 13.56 billion yuan and will be developed into 513,000 square meters of gross floor space.

The purchasing managers' index of China's manufacturing industry was 51.9 percent in December.

China's consumption of steel products is expected to grow marginally next year.

China will resolutely cut the output of crude steel and ensure it falls year on year in 2021, a senior official said .

Chongqing Iron & Steel (Group)'s steel output broke through 7 million tons.

METI predicts that Japan's crude steel output will reach 23.5 million tons in the first quarter of 2021.

The Federal Antimonopoly Agency of the Russian Federation has proposed to investigate billet and rebar and impose export duties to ease the sharp rise in local prices over the past month.

According to customs statistics released by the Japan Iron and Steel Federation, Japan's exports of steel products in November were 2.43 million tons, down 2.5% from a month earlier, down 10.4% from a year earlier.