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

Baowu produced 96mn t of steel in 2019 to overtake Luxembourg-based ArcelorMittal, which produced 89.8mn t, as the world's largest steelmaker.

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.

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

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

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

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 tungsten market runs smoothly;