The official said that the government will encourage central SOEs to conduct strategic cooperation in various ways.

Energy consumption used as raw materials rather than fuel and power will not be included in total energy consumption control.

The remarks came after the association reported weakening demand of steel materials and high prices of raw materials used in production like coking coals.

The industrial profit data covers large firms with annual revenues of at least 20 million yuan from their main operations.

Therefore, China's macroeconomic policies should continue to focus on expanding infrastructure investment and stabilizing real estate investment.

Lian also introduced development situations of Hebei during the conference.

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The world stainless association released figures for the first half year of 2022 showing that stainless steel melt shop production decreased by 3.5% year–on–year to 29.0 million metric tons.