Coal made up the bulk of that cargo — about 1.1 billion tons — up 17 percent year-on-year.

Glencore's metals output showed mixed progress on the year in the third quarter of 2022.

India's producer Vedanta Resources plans to complete the building of its new 60,000t/yr ferro-chrome plant.

Lian also introduced development situations of Hebei during the conference.

The industrial profit data covers large firms with annual revenues of at least 20 million yuan from their main operations.

The remarks came after the association reported weakening demand of steel materials and high prices of raw materials used in production like coking coals.

Therefore, China's macroeconomic policies should continue to focus on expanding infrastructure investment and stabilizing real estate investment.

Overseas players grasp opportunities from dual goals, enhance local ties, R&D.