In addition, more railway lines were opened and more investment was made in railway construction to help stabilize the economy.

Coal made up the bulk of that cargo — about 1.1 billion tons — up 17 percent year-on-year.

Energy consumption used as raw materials rather than fuel and power will not be included in total energy consumption control.

India's producer Vedanta Resources plans to complete the building of its new 60,000t/yr ferro-chrome plant.

Glencore's metals output showed mixed progress on the year in the third quarter of 2022.

The industrial profit data covers large firms with annual revenues of at least 20 million yuan from their main operations.

The remarks came after the association reported weakening demand of steel materials and high prices of raw materials used in production like coking coals.

Therefore, China's macroeconomic policies should continue to focus on expanding infrastructure investment and stabilizing real estate investment.