Innovation is a fundamental condition for China's steel industry to achieve high-quality development during the 14th Five-Year Plan(2021-25) period and beyond, according to a senior industry expert.
Political tensions between Australia and China did not appear to affect trade between the two countries in October, as a rise in iron ore export receipts sent the value of Australia's shipments to its biggest trade partner to a four-month high.
“Chinese steel producers are keen to buy more US coking coal to replace Australian cargoes blocked by import curbs, giving the first significant boost to this trade flow since China imposed retaliatory tariffs on US coal in 2018.