The guideline also asked the steel industry to reduce pollutants and energy consumption by more than 20 percent and 5 percent by 2025, respectively.

Analysis by London-based consultancy Roskill claims that as a result of high influence from China, prices of the silvery-white metal have experienced "considerable turbulence" over the past few years.

Commodities including iron ore and metallurgical coal will also fuel the steel production which is needed to build new urban infrastructure and renewable energy systems and is also used in advanced manufacturing, he said.

The 2105 ferrosilicon contract price on ZCE closed at 7036 yuan per ton on March 25.

Rio Tinto has reduced emissions by almost 40 percent over the past decade and is aiming for zero net carbon emissions by 2050.

By 2050, China's urbanization rate will reach 80 percent and the country will pivot into a high-income society.

According to a number of media reports, the rescue work for the ever given giant container freighter stranded in the Suez Canal has been suspended and is expected to resume in the morning of Thursday, Egypt local time.

According to the consolidated performance report released by UEX Co., Ltd., a well-known Japanese stainless steel processing retailer, in the first three quarters of fiscal year 2020 (April December 2020).