In the week ending on July 2, 2022, domestic raw steel production was 1,767,000 net tons while the capability utilization rate was 80.9 percent.

SOEs' construction of residences, roads, grids seen speeding up development

Erected on sea water, arrays of photovoltaic panels glow in the sun while fishers paddle in the interspace.

Energy efficiency in sectors including iron and steel, petrochemicals, non-ferrous metals and building materials will have reached an internationally advanced level by then, according to the plan.

Benchmark 62% Fe fines imported into Northern China fell 4.41%, to $109.89 per tonne.

Dalian coking coal slumped 6.1% and coke dropped 3.8%.

Guinea's mines minister has ordered all work related to the Simandou iron-ore mine project halted after the two companies involved missed an extended deadline to agree on a joint venture, a letter seen by Reuters showed on Monday.

Iron-ore and steel prices tumbled on Friday as prospects of a sharp global economic downturn fanned fears of a slump in demand for commodities, despite signs of a rebound in manufacturing activity in top metals consumer China.