According to General Administration of Customs, China exported 5.271 million tonnes of finished steel in May 2021, down 33.9% MoM from 7.973 million tonnes in April 2021.

It can recycle 350,000 tons of waste iron and steel per year.

Forging ahead toward a greener future, China is ever more committed to transforming the steel industry into a low carbon-emitting one amid its long-term green pledges.

Jiangsu plans to put the measurement system into use in major thermal power plants across the province by the end of 2022, said Su Dawei with the company.

The installed capacity of a single generating unit at Baihetan has reached 1 million kilowatts, ranking first around the world.

China’s increased appetite for iron ore has become a problem for neighbor India.

"It has also edged higher than 2019 levels, except for some summer months."

The supply-demand mismatch, or the faster recovery of demand over supply, is to blame for a rise in semiconductor chip and housing prices.