During the period, China imported a total of 669 million tons of iron ore, up 6.9 percent from the same period last year, according to the data.

From January to July, the province's trade with countries along the Belt and Road rose 9.8 percent year-on-year to 116.23 billion yuan.

In 2024, China will see the value-added of the iron and steel industry expand about 4 percent, according to the document.

The rise in the share of installed capacity of clean energy has brought new opportunities to emerging industries such as photovoltaics, power batteries and new-energy vehicles (NEVs).

AISI: US Raw Steel Production in the week ending on August 26, 2023.

Finished Import Market Share YTD at 22%.

In 2024, China will see the value-added of the iron and steel industry expand about 4 percent, according to the document.

For his part, Demchenko confirmed the company's keenness to invest in the Egyptian market.