China's steel output reached 1,032.79 million tons, a year-on-year decrease of 3%, the first negative growth in seven years.

China exported 5.026 million tons of steel, an increase of 665,000 tons from the previous month, a year-on-year increase of 3.6%; from January to December, China exported 66.895 million tons of steel, an increase of 24.6% year-on-year.

The emergency have a impact on the galvanized steel coil market because Tianjin a large-scale transit station and port in steel and iron.

The third meeting of the sixth general meeting of China Iron and Steel Association was held in Beijing. In 2021, steel production decreased by about 35 million tons year-on-year, and the benefits of the steel industry will reach the best level in history.

Indonesia's ban on coal can easily cause the price of electricity shortage to rise and increase the cost of steel, which will lead to the increase in the price of galvanized steel coil and aluzinc steel coil.

The RCEP agreement, which took effect on Jan 1, covers roughly 30 percent of the world's population. It is expected to provide a strong boost to international trade and investment and contribute to global economic recovery.