This is the basis for the more positive economic picture we forecasted in our 2021 Short Range Outlook (SRO), where steel demand is expected to recover to 1,795 Mt, an increase of 4.1 % over 2020.
Recently, the Russian Federation of National Housing Builders complained to Russian Deputy Prime Minister Husnulin that Russian metal prices soared and steel prices rose 40 percent within a month.
In the first ten days of January 2021, the iron and steel enterprises produced 21.9561 million tons of crude steel, 19.4354 million tons of pig iron, 20.519 million tons of steel and 3.2226 million tons of coke.
India’s ferroalloy exporters are still unaware of the benefits of india's new export tax rebate policy, which came into effect on January 1st, because the government has failed to fix new export tax rebates.