The producer will also stop a direct reduction plant in Hamburg, where it produces wire rod, from the fourth quarter.

However, success has come at a cost－high carbon emissions.

Among 21 surveyed manufacturing sectors, 12 sectors saw an improvement in PMI reading in August.

An analyst said green hydrogen will play an important role in interconnecting renewable energy and decarbonization within industrial systems.

North China-based facility to provide clean power to nearby enterprises.

The national carbon trading market now covers 2,162 companies, all of which are electricity companies.

The foreign trade value of North China's Hebei province reached 313.46 billion yuan ($46 billion) in the first seven months of this year.

A total of 16 out of 41 major industries saw growth in profits in the January-July period, and 14 of them reported growth of over 5 percent.