Meanwhile, small and private businesses are making their own efforts to tide through these tough times.

"As a major supplier of other key materials, such as aluminum, copper, high-carbon ferrochrome and iron ore products, we are also well-placed to support the country's plans to build new infrastructure."

Vale has a very positive outlook on China, and we believe that the country will continue to play a leading role in global economic growth.

Achieving high-quality growth and addressing global challenges such as climate change will require increased cooperation throughout the supply chain.

In a bid to strengthen the sector's resource support capability, using iron ore resources in China to raise the self-sufficiency of iron ore in China will be a key task, said Shen Bin.

China is calling for more global collaboration in the establishment of international standardization, to further contribute to global sustainable development, a top official said on Wednesday.

RK Goyal, MD, Kalyani Steel, talks about the effect of steel price trends on broader industry and the high demand from auto sector.

Although our material is 100% and infinitely recyclable, and the base of so many technologies from wind turbines to solar panels that enable a more sustainable future, worldsteel estimates that the steel industry accounts for between 7 – 9% of total global ca...