China will step up efforts in reducing steel production and set up a mechanism for the regulation of the remaining steel to reach goals for "carbon-peak" and "carbon neutralization".

The 2105 ferrosilicon contract price on ZCE closed at 7012 yuan per ton on January 27.

On the 27th, the national billet market rose steadily.

Ferrosilicon Bidding Information in February, 2021 (01/28/2021).

Imports of iron ore and iron ore concentrates also rose, climbing 11 percent from 2019.

China Baowu Iron and Steel Group Co., Ltd. announced in Shanghai that it would achieve a historic breakthrough of over 100 million tons of steel per year.

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.

The reading, released every 10 days, is based on a survey of nearly 2,000 wholesalers and distributors in 31 provinces and regions.