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

Nippon Steel today revised up its projected crude steel output to 33.2mn t for the April 2020-March 2021 fiscal year from an earlier forecast 32.7mn t.

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

In 2020, China's steel bar output was 266.391 million tons.

The tungsten market runs smoothly;

The molybdenum market rise slightly;

The vanadium market appears cold slightly;

China imported 3.57mn t of coking coal last month, down by 4pc from 3.72mn t in November but up by 110pc from December 2019.