Top 10 steel Industry news in 2020

As the year of 2020 comes to an end, China's economy has been the first to recover from the coronavirus outbreak, which has effectively boosted domestic steel consumption growth. Steel prices have risen to the highest level this year. In the past year, the steel industry accelerated its transformation and upgrading, and the merger and reorganization of enterprises attracted attention. Here are the top ten news in the steel industry in 2020.
First, the Ministry of Industry and Information Technology issued the revised Opinions on the Implementation Measures for Replacing Steel Production Capacity.
Second, the Ministry of Finance on raising the export tax rebate rate of some products.
Third, the battle to protect the blue sky at the end of the air pollution prevention and control sprint.
Fourth, China is transforming its 610 million tons of crude steel capacity into ultra-low emissions.
Fifth, the World Iron and Steel Association predicts that global steel demand will shrink by -2.4% by 2020.
Sixth, steel enterprises are inspected.
Seventh, China Bao steel and Wuhan Iron & Steel Co. LTD’s further promoted the merger and reorganization.
Eighth, China's crude steel output exceeded 1 billion tons for the first time.
Ninth, Iron ore import prices hit an eight-year high.
Tenth, "recycled iron and steel raw Materials" national standards through examination and approval.