Zhang said he believes China Baowu Steel Group, and Anshan Iron & Steel (Ansteel) and Benxi Iron & Steel (Bensteel) are potential M&A candidates.

The freight trains carried 20,300 metric tons of cargo worth 217 million yuan ($34 million) from Jan 31 to Feb 6.

Eskom has a skills shortage, CEO says he won't accept underperforming executives

China plans to increase iron-ore output, boost use of steel scrap

Bauba says joint circular on Raubex takeover offer to follow

Hoa Phat group to export 35,000 tonnes of HRC to Europe

Eskom CEO Andre de Ruyter says the power utility will sanction several general managers for underperformance at various power stations across the country.

As the country's gross domestic product exceeded 114 trillion yuan ($18 trillion) last year, its ability to combat risks and shocks has further increased.