Zhang said he believes China Baowu Steel Group, and Anshan Iron & Steel (Ansteel) and Benxi Iron & Steel (Bensteel) are potential M&A candidates.

The coal storage in China's power plants reached 165 million tons, up 40 million tons year-on-year, the NDRC said.

The Port of Maputo on 26 January revealed that in 2021 it set a new record for handling cargo.

China plans to increase iron-ore output, boost use of steel scrap

As the country's gross domestic product exceeded 114 trillion yuan ($18 trillion) last year, its ability to combat risks and shocks has further increased.

Trade partners working together across various sectors of industry.

Hailing a driverless minibus and shuttling through the rusty, out-of-use steel furnaces and brand-new ski jump venue built for the Winter Olympics, visitors can drop by a spot called Sangaolu, which literally means the "Third Shaft Furnace", in Shougang Park.

As the country's gross domestic product exceeded 114 trillion yuan ($18 trillion) last year, its ability to combat risks and shocks has further increased.