It started construction on Aug 16 with an area of 6,500 square meters.

The steel giant is going to pursue latest technologies and innovation and emerge as the global steel industry leader, said its chairman.

Chongqing Iron & Steel (Group)'s steel output broke through 7 million tons.

$30.6b earmarked for mixed-ownership reform, cutting-edge technology.

The purchasing managers' index of China's manufacturing industry was 51.9 percent in December.

Fiscal spending likely to focus more on public services to improve livelihoods.

China will resolutely cut the output of crude steel and ensure it falls year on year in 2021, a senior official said .

China's consumption of steel products is expected to grow marginally next year.