In December 2020, U.S. steel mills shipped 7,049,785 net tons, a 4.4 percent increase from the 6,753,447 net tons shipped in the previous month.

Tata Steel, an Indian steel producer, plans to double the steel capacity of its existing plants in Orissa and Jarkand to 40 million tons a year, the Economic Times reported.

The campaign will last until the end of March.

"Both countries have amazing smart people in the younger generation that would be proud to be part of this," Gates said.

In the early 1990s, from an aircraft descending into Beijing, I looked down upon a landscape of heavy industry stretching along a mountain-lined valley.

From January to December 2020, China's total imports of steel products was 20.233 million tons.

In addition, expectations that the US dollar will further depreciate are adding to the buoyancy in the market, they said.

The price of Q235 high-speed wire rod is increased by 100 yuan.