The change in the environment has also improved the quality of local people's lives.

Nanjing Iron and Steel Group released ferrosilicon bidding price.

Sales revenues of the enterprises reached 1.54 trillion yuan, up 52.28 percent compared with a year ago, showed the data.

The 2109 ferrosilicon contract price on ZCE closed at 7,904 yuan per ton on May 10.

In the January-March period, crude steel output rose 15.6 percent year on year to 271 million tonnes.

Sales revenues of the enterprises reached 1.54 trillion yuan, up 52.28 percent compared with a year ago, showed the data.

Market analysis says higher steel prices could also benefit decarbonization initiatives in the industry.

The measures will go into effect on June 1, the ministry said.