According to data released by the World Steel Association, in December 2020, the crude steel production in 64 countries included in the World Steel Association statistics was 160.9 million tons, an increase of 5.8% from the same period last year.
Is the rapid growth of steel consumption and release of steel production capacity sustainable? It needs to be analyzed carefully, treated rationally and dealt with scientifically.
Is there a big chance for thread and hot coil (4438,70.00,1.60%) varieties in 2021? The major institutions are still optimistic about the steel market.