These were major goals set in a development guideline jointly released by the Ministry of Industry and Information Technology, National Development and Reform Commission, and the Ministry of Ecology and Environment.

The coal storage in China's power plants reached 165 million tons, up 40 million tons year-on-year, the NDRC said.

Zhang said he believes China Baowu Steel Group, and Anshan Iron & Steel (Ansteel) and Benxi Iron & Steel (Bensteel) are potential M&A candidates.

The freight trains carried 20,300 metric tons of cargo worth 217 million yuan ($34 million) from Jan 31 to Feb 6.

The Port of Maputo on 26 January revealed that in 2021 it set a new record for handling cargo.

China plans to increase iron-ore output, boost use of steel scrap

As the country's gross domestic product exceeded 114 trillion yuan ($18 trillion) last year, its ability to combat risks and shocks has further increased.

As the country's gross domestic product exceeded 114 trillion yuan ($18 trillion) last year, its ability to combat risks and shocks has further increased.