As the world's largest stainless steel producer and consumer, China saw its output rise 1.64 percent year-on-year to over 30.6 million tons in 2021.

Most of the capital goods monitored by the Chinese government posted higher prices in early August compared with late July this year.

China's northernmost province of Heilongjiang saw its foreign trade in goods grow 31.9 percent year-on-year to 145.06 billion yuan ($21.52 billion) in the first seven months of 2022, according to local customs.

For this year, mining exports could hit US$3.8bn, up 20% on 2021, Franco Mignacco, president of the Argentine chamber of mining entrepreneurs (CAEM), told state news agency Télam.

The 2210 ferrosilicon contract price on ZCE closed at 7862 yuan per ton on August 30.

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The 2210 ferrosilicon contract price on ZCE closed at 7952 yuan per ton on August 29.

He urged steel enterprises to optimize technologies and engineering progress.