World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 169.5 million tonnes (Mt) in April 2021, a 23.3% increase compared to April 2020.

Through its subsidiary, Dinson Colliery, Tsingshan is building a 300,000 tons per year coking plant, the largest and most advanced coke oven in Zimbabwe.

China's national-level carbon emissions trading system is expected to be a significant lever for the steel industry's carbon emissions reduction and structural optimization, experts said.

To be sure, stripping the industry of its overcapacity will help it to reshape itself, so as to align with the country's pursuit of high-quality development.

China's foreign trade has extended its growth momentum during the first four months.

This happens routinely in a coal mine owned by Jinneng Holding Group, a State-owned energy giant headquartered in Taiyuan, Shanxi province.

Decarbonization efforts in China will not stoke inflation, says NDB official.

"There is no shortage of supplies. The price surge is not an exact reflection of the current supply and demand situation," said an analyst.