The steel giant is going to pursue latest technologies and innovation and emerge as the global steel industry leader, said its chairman.

$30.6b earmarked for mixed-ownership reform, cutting-edge technology.

The 10 projects involve total investment of about 13.56 billion yuan and will be developed into 513,000 square meters of gross floor space.

The purchasing managers' index of China's manufacturing industry was 51.9 percent in December.

China will resolutely cut the output of crude steel and ensure it falls year on year in 2021, a senior official said .

China's consumption of steel products is expected to grow marginally next year.

METI predicts that Japan's crude steel output will reach 23.5 million tons in the first quarter of 2021.

The Federal Antimonopoly Agency of the Russian Federation has proposed to investigate billet and rebar and impose export duties to ease the sharp rise in local prices over the past month.