The 2105 ferrosilicon contract price on ZCE closed at 7,846 yuan per ton on March 11.

Efforts will be made to strictly control new production capacity in heavy and chemical industries, and cut crude steel output to ensure it falls year after year, Xiao said.

By saving half the energy in the world during the period, China has contributed immensely to promoting sustainable development.

To facilitate the green upgrade of various sectors, more green finance stimulus packages are expected.

Zhang received a combined subsidy of nearly 3,000 yuan ($465) from the Hefei government and the company to stay put during the holiday.

Experts: Modest contraction in Caixin factory data for Feb cyclical, not a worry.

The port on the coast of the Bohai Sea is a pivotal shipping outlet for the Beijing-Tianjin-Hebei region.

Major steel producers churned out 22.82 million tons of crude steel in mid-February.