Over 19 percent of installed power grid capacity in Shanxi, the country's largest coal-producing region, comes from PV power, according to the State Grid Shanxi Electric Power Company.

Normalized plate pricing also fell by $40/st to $1,730/st.

De Tian Coking started production with its first coke oven on 28 August, with projected output for 2023 less than 1.3mn t.

Wind and solar resources are unlimited given by nature, but equipment components generating the resources have their lifespan.

The company reported total iron ore sales of 3.54 million mt during the month, up 25 percent year on year.

Turkey-based Kaptan Demir Çelik (Kaptan lron & Steel), part of Kaptan Group, has started wire rod production at its new mill supplied by UK-based plantmaker Primetals Technologies.

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

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.