In the week ending on February 18, 2023, domestic raw steel production was 1,654,000 net tons while the capability utilization rate was 74.0 percent.

A comparison of shipments for the full year 2022 to full year 2021 shows the following changes: corrosion-resistant sheet and strip down 8 percent, hot rolled sheet down 10 percent and cold rolled sheet down 15 percent.

In Gansu's Wuwei city, a 500,000 mu (33,333 hectares) photovoltaic power base is under construction, with a total installed capacity of 15 million kilowatts.

Brazilian iron-ore miner Vale SA's profit fell in the fourth quarter after the price of iron ore and sales by volume both declined.

Russia plans to post a budget deficit in 2023 of 2% of gross domestic product (GDP), Finance Minister Anton Siluanov said on Friday, despite towering spending and slumping energy revenues contributing to a huge shortfall in January.

The wind power and photovoltaic projects are located in Shenyang, Dalian, Dandong, Yingkou and Chaoyang cities.

In particular, the central and western regions are forecast to better receive foreign investment relocated from labor-intensive industries in coastal areas where labor costs have increased, they said.

Shu Jueting, a ministry spokeswoman, said the two sides discussed trade and investment issues and exchanged views on the further expansion of cooperation in emerging areas.