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Japan’s largest steelmaker Nippon Steel said on 5 March that it would cut capacity by another 10% as domestic demand fell and competition from china intensified.

China Economic Times: in 2020, the supply and demand of steel market will be relatively loose. How will the industry perform? What will be the trend in 2021? What are the main influencing factors?

China's Baowu again! Shaogang and Huidong Huaye, Yuebei iron and steel signed a contract! Zhongnan iron and Steel Co., Ltd. will revitalize the capacity of more than 20 million tons EAF stock steel plants in Guangdong Province!

In 2021, Jiugang Hongxing stainless steel branch fully launched the “20 million” capacity to tackle key problems and to mark the table work.

In the first two months of 2021, China imported 2.395 million tons of steel, an increase of 17.4%, and the average import price was 7134.8 yuan per ton, an increase of 0.9%.

The gradual elimination of coal in the power industry is the most important step to achieve the temperature rise within 1.5 degrees Celsius,this means that by 2030, global coal consumption in power generation must be 80% lower than in 2010.

According to the data released on Sunday by the General Administration of Customs, China’s imports of iron ore reached 181.5 million tons in the fist two months of 2021, up 2.8% from 176.6 million tons a year earlier.

The fourteenth five year plan will start a new journey of building a modern socialist country in an all-round way. Power supply and demand are facing a new situation.