The Ministry of industry and information technology will study and formulate relevant work plans to ensure the full realization of the year-on-year decline of steel production in 2021.
Global crude steel production in 2020 slipped 0.9% year over year to 1.86 billion mt as rising output in Iran, Turkey and China almost fully offset losses in most other major steel-producing countries, the World Steel Association said in a Jan. 26 report.