With more than 10,000 registered coal traders, the CTCTC is the largest coal trading center in China.

The measures will go into effect on June 1, the ministry said.

Market analysis says higher steel prices could also benefit decarbonization initiatives in the industry.

Support is being given to peaking pioneers from localities, sectors and companies.

The change in the environment has also improved the quality of local people's lives.

Export tariffs on ferrosilicon, ferrochrome, high-purity pig iron would be raised to 25 percent, 20 percent and 15 percent, respectively.

In 2020, crude steel output rose by 5.2 percent year on year to exceed 1.05 billion tonnes, according to the China Iron and Steel Association.

The PMI for China's non-manufacturing sector moderated to 54.9, down 1.4 percentage points from March.