In one of the most challenging engineering projects ever undertaken, Chile is building a unique steel-built suspension bridge near the site of the strongest earthquake ever recorded.

The company plans to produce up to 160000 tons of new products from the second half of 2022.

"[Rail operator] Transnet Freight Rail (TFR) is cancelling many trains," said one supplier.

According to the Wuhan Shipping Exchange, the ships overstocking in some ports continued this week.

Japanese steel mill Nippon Steel expects its crude steel output in this year's January-March quarter to recover above 10mn t for the first time since January-March 2020.

The German Business Daily reported recently, the German Steel Association said, German crude steel production in 2020 was 35.7 million tons, down 10% from the weaker 2019, the lowest level since 2009.

According to the news, the Ministry of Finance of India released its 2021 budget on February 1 and said it would reduce import duties on some stainless steel products.

BYD's January sales of new energy vehicles in 20178 increased by 182.88% year-on-year