They also said the industry will likely experience demand recovery to a certain extent in the coming months.

BMW and HBIS will also jointly carry out research and development of carbon capture.

Steel, magnesium and its products, and coal are among the major exported commodities.

Sun Guolong, general manager of Baogang Group, said carbon capture utilization and storage will play a critical and evolving role in China's energy transition.

China reduced as much air pollution in seven years as the United States did in three decades.

Compared with wet quenching, Mi said the new technique has economic and environmental benefits.

In terms of improvement in rankings, China's Ansteel Group Corp made the highest jump across 183 places to 217.

Major steel producers churned out a total of 20.79 million tonnes of crude steel in late July, the data showed.