Shanxi has been very clear its goal to lower its annual production of coal to 1 billion tons by 2020.

Adhering to green and intelligent development is fundamental to the healthy development of the steel industry in China, he said.

However, iron ore imports during the period declined 2.4 percent to 784 million tons.

Frequent changes to the tariffs create uncertainty.

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China has been creating steel conglomerates and investing in new mills and cutting-edge technologies for the industry.

The World Steel Association (worldsteel) released its Short Range Outlook (SRO) for 2019 and 2020.