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

Fiscal spending likely to focus more on public services to improve livelihoods.

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

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

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.

Brazil's steel production continued to recover after the closure of the new crown pneumonia outbreak, mainly supported by strong domestic demand, and again showed a strong trend in November. At present, Brazil steel capacity utilization rate reached 68.9%, has...