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Chinese yuan appreciated over 2% since last week, and the trend is upward further, and today almost broken 6.4yuan by one dollar. Why ?

On October 15, the world iron and Steel Association released the latest short-term global steel demand forecast for 2020 and 2021.

Affected by coronavirus pandemic, the global steel and upstream and downstream enterprises have been cut down since early 2020.

Since November this year, iron ore prices have entered a period of accelerated rise.

In 2020, coronavirus epidemic situation and the international situation changed, and the global steel enterprises have made some strategic adjustments.

Europe's industrial climate: shaping the future of industry in the world, a clear vision for the future of Europe's industry, was released on March.

In 2020, the carbon emission reduction targets of global steel and upstream and downstream related industries will be clearer, the pace will be more solid, and the results will be more fruitful.

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