The three projects being constructed are with a combined production capacity of 6.2 million tons worth around 35 billion riyals, he added.

The Chinese market for stainless steel shows resilience and is brimming with opportunities, despite the disruption that COVID-19 has brought to the global stainless steel industry, according to industry insiders.

"Australia will continue to be a trusted and stable supplier of energy and resources to our key trading partners," he said.

Meanwhile, 63.41 million tonnes of thermal coal were stored in 363 power supply plants as of Aug. 31, which could ensure power generation for 25 days.

"The importance of coal-generated electricity for Germany's energy supply has continued to grow," Destatis said.

Companies and consumers in the Netherlands are using less natural gas and turning to coal and renewable energy sources as the country,.

So far, the installed capacity of renewable energy in Datong has reached 6.9 million kilowatts, accounting for half the total installed capacity of the city's power grid.

Driven by innovation, the stainless steel industry in Ningde, southeast China's Fujian Province, has grown significantly in recent years.