Rio Tinto, the world's largest iron ore producer, expects shipments of the steel-making metal to reach up to 340 million tonnes in 2021.

Local officials and business executives say following guidelines of the Fifth Plenary Session will lead to high-quality growth.

From January to December, China produced 1053 million tons of crude steel, with a year-on-year growth of 5.16%.

Aslan pointed out that the industry could not accomplish most of the planned activities and projects last year due to the pandemic.

The new guideline is part of efforts to align governance of climate change with environmental conservation.

Authorities also said they will enhance efforts to clean up the environment.

Key environmental indicators in Shanghai, such as air and water quality, had improved greatly during the period of the country's 13th Five-Year Plan (2016-2020).

In December, 2020, China produced 91.2521 million tons of crude steel, a year-on-year increase of 7.75%