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

Nanjing Iron and Steel Group released ferrosilicon bidding price.

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

With more than 10,000 registered coal traders, the CTCTC is the largest coal trading center in China.

Support is being given to peaking pioneers from localities, sectors and companies.

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.

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