The World Steel Association (worldsteel) has recognised 9 companies as Steel Sustainability Champions for their work in 2019.

China's manufacturing strength could attract more steel exports: traders

Both environmental protection and project profits were concerns for the company which is located in Shanxi, a coal-rich province of China.

The composite index for coastal bulk freight edged down 1.6 percent week on week to 1,055.6, the SSE said.

Gao Xiangming, chairman of TISCO, said the company's R&D expenses account for about 5 percent of its annual sales revenue.

It is built in partnership with China Mobile and Huawei.

China's two leading manufacturing purchasing managers' indices, or PMIs, were both in growth territory in May.

The China Tianjin Bulk Freight Index (TBI), an indicator of northern China's international bulk freight rates, stood at 541.09 points on Tuesday, up 0.05 percent compared with the previous working day.