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In recent months, shipping costs from China to Europe have quadrupled due to tight shipping space.

According to relevant reports, the Asian steel market has been talking about the possibility of China cutting the steel export tax rebate from the current 13% to 9%, or abolishing it altogether.

China's central position in Global trade has been further strengthened in 2020. Although the epidemic has more or less affected the supply chain, China's major container hub ports continue to achieve record volume growth.

The company has engaged a local consultant group that will undertake the phase 1 and phase 2 exploration program aimed at firming up the prospectivity of Gwesan Vanadium Project.

Early February 2021, the key steel enterprises produced 2154.43 million tons of crude steel, 19.1633 million tons of pig iron, 20.1773 million tons of steel.

MACA marks the expansion potential of the China-Australia iron ore project

The province afforested more than 2.6 million hectares of land from 2016 to 2020, raising its forest coverage from 31 percent to 35 percent, the report added.

In the first ten days of February 2021, key iron and steel enterprises produced 21.5443 million tons of crude steel.