Chinese enterprises have also managed to guarantee the construction and operation of overseas projects under the framework of the Belt and Road Initiative.

The German government agreed to support the country's steel industry in its long-term transition to low-carbon production, the German Ministry for Economic Affairs and Energy (BMWi) announced on Wednesday.

Companhia Siderúrgica Nacional announced that CSN Mineração SA signed on this date a new long-term iron ore supply contract with the Swiss trading company Glencore International AG.

China's "new infrastructure" construction plan, particularly charging piles for new energy vehicles, 5G base stations, ultrahigh voltage power and intercity high-speed railways, may boost demand for metals like copper and cobalt, industry experts said.

The unmanned workshop is just a miniature of the accelerated digitalization of the Chinese manufacturing sector.

From January to May, Russia exported 6.38 million tons of semi-finished carbon steel products, a year-on-year decrease of 0.7%.

China's benchmark power coal price rose slightly during the past week.

Japanese Ministry of Trade & Industry announced that Japan's crude steel output is forecast to decrease 27.9 percent year on year to 17.7 million tonnes in the July-September quarter this year.