New energy generated from renewables gains more ground as private firms, SOEs up efforts.

"The previously pent-up steel consumption will not disappear. It will only be delayed," Shi said.

Sinosteel Cam S.A. estimates that at least 600 direct jobs and more than 1,000 indirect jobs will be created through the project.

Vietnam spent around 4 billion U.S. dollars importing more than 3.8 million tons of steel and iron in the first four months of this year.

China's central bank on Wednesday announced that it has increased the targeted re-lending quota for the coal industry by another 100 billion yuan (about 15.11 billion U.S. dollars) to support the clean and efficient use of coal.

In north China's Inner Mongolia Autonomous Region, the rugged surface of an exhausted coal mine has received a major face-lift, newly populated by 1.12 million photovoltaic modules, beneath which numerous plants are flourishing.

Mongolia exported a total of 3.8 million tons of coal in the first four months of this year, down 48 percent year on year, Mongolian Customs General Administration said on Monday.

The cancellation of trains includes 500 trips of express trains and 580 trips of passenger trains.