Consolidated output of the world's second-most geographically diversified steel producer declined by 28.5 percent to 5.52 million tons.

Canadian Prime Minister Justin Trudeau said Wednesday that he is concerned about reports that the United States is considering reimposing tariffs on Canadian aluminum and possibly steel.

China Iron and Steel Industry Association held a video conference on the management of some iron and steel enterprises in the first half of the year.

Most agreed that the increased production is a concern and could lead to an oversupply on the market and lower prices.

The world's first flexible direct current (DC) power grid project has been put into operation, creating 12 world firsts, Sina Finance reported on Wednesday.

Vietnam spent more than four billion U.S. dollars importing roughly 6.8 million tons of steel and iron in the first six months of this year.

China's major steel companies saw their profitability improve in May as demand picked up, the latest data showed.

China's factory activity expanded at a faster pace in June, beating expectations, Reuters reported Tuesday.