The country produced an estimate of 1.03 billion metric tons of steel last year, down 35 million tons from 2020, said the China Iron and Steel Association on Monday.
In addition to coal, gold, platinum and diamond as its most prominent reserves, the country is also home to other minerals, such as chrome, vanadium and titanium.
The main export products included oxyamino compounds, steel, and freight vehicles; and the main imported commodities were copper ore, milk and cream, logs and potash fertilizer.
Hydrogen is expected to play a much larger role in China's decarbonization, especially in industries like steelmaking and aviation, where there are few clean energy alternatives, analysts said.
Chinese authorities unveiled a plan to facilitate the development of the country's raw materials industry during the 14th Five-Year Plan period (2021-2025).