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

By the end of June, China's installed capacity for renewable energy had exceeded 1.1 billion kilowatts.

China is a large consumer of iron ore.

An executive of the company said such a practice has multiple benefits in both economic and environmental terms.

The scale of the industrial internet industry has exceeded 1 trillion yuan.

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

China generated 1.25 trillion kilowatt-hours of electricity from renewable energy during the January-June period.

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