China’s steel demand is set to slow. That could dent iron ore prices by nearly 30%

China's steel industry is expected to remain stable in 2023, with demand likely to improve as the world's second-largest economy is on track for steady recovery this year, said an industry expert.

Shanxi's special steel industry is earning attention from investors and is expected to form an extended industrial chain.

Heilongjiang, China's Northernmost province, saw its foreign trade in goods grow by 30.7 percent year-on-year to 48.38 billion yuan ($7 billion) in first two months of this year, customs data showed.

Its exports totaled 48.44 billion yuan, up 3.6 percent year-on-year, while imports hit 38.23 billion yuan, up 14.4 percent, data from Shijiazhuang Customs shows.

The new robots are performing unbinding integration, sleeve unloading, slag removal, grinding and labeling.

Australian mining giant BHP Group said on Monday that it has signed an agreement for piloting of carbon capture and utilization technology with China's HBIS Group Co Ltd.

The plant will use biogas feedstock and iron ore as a catalyst to also produce 380 t/yr of graphitic carbon, he said.