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.

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

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

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

Nippon Steel Corporation, which is based in Japan, said that under its new five-year plan, it would reduce crude steel capacity by 20% by 2025, close its blast furnaces to cope with falling domestic demand and aim to help the country achieve its goal of net ze...

The world's top 500 company, Castle Peak Holdings Group, plans to build a new steel plant in Zimbabwe, Africa. The project is scheduled to start in May this year.

In recent years, the price fluctuation of stainless steel spot market is extremely fierce, and the market trend is a topic closely concerned by the two session.