China Baowu Steel Group (Baowu), the world's largest steel group, has begun constructing a hydrogen-based shaft furnace at its Zhanjiang steelworks in South China's Guangdong province as part of its drive towards achieving carbon net-zero by 2050

The domestic steel industry is under pressure to cut production, while demand from downstream steel-consuming industries is likely to weaken too,” the association pointed out in the report. China has entered the traditional off season for steel consumption in summer when road freight and work on bui

On Monday, Mysteel PORTDEX 62% Australian Fines in Qingdao eased by Yuan 9/dmt ($1.4/dmt) from last Friday to Yuan 1,496/dmt FOT and including the 13% VAT. On the same day, MysteelSEADEX 62% Australian Fines rose by a tiny $0.3/dmt from Friday to $217.75/dmt CFR Qingdao.

In the first half of 2021, another 36,000 enterprises joined in China’s foreign trade, compared with a year ago, while for privately-owned firms, the on-year add-ons totalled 37,000, he shared, and by region, the number of privately-owned enterprises in Central and West China that participated in fo