January-June imports fell by 13pc from a year earlier to 20.84mn t.

With the No 1 unit of the 2x600 megawatt Hai Duong coal-fired power plant project officially commissioned in Vietnam late last month.

These restrictions are expected to weigh on industrial activity and curtail power demand and generation further, Icra said.

On August 14, Liugang shares announced that they are planning to increase the capital by cash according to the legal procedures for Guangxi Liuzhou Iron and Steel Group Co., Ltd.

China's producer prices continued to fall in July but the decline has kept narrowing as economic activities recovered amid effective epidemic control in the country, official data showed Monday.

Some 71.7 billion yuan (about $10.33 billion) has been invested in the region's power grid development during the 2016-2020 period, the company said.

Rail freight of coal and ore also posted robust year-on-year growth in the first half of this year in Xinjiang.

Oversupply concerns weigh heavily on the steel sector in China as some 80 million metric tons of fresh capacity will hit the market this year amid dwindling demand due to the COVID-19 epidemic, an industry expert said.