PwC report says pandemic's waning boosts new development paradigm, corporate deals.

China Baowu Steel Group Co Ltd, the world's largest steel conglomerate, was the outcome of reorganizations between several State-owned steel giants.

A total of 2,225 power firms across the country assigned with carbon dioxide emission caps can now trade their emission quotas via the system whereby firms that exceed their caps can purchase unused quotas from those with low emissions.

Chinese exporters suffer from extreme shortage and rising costs of shipping containers, which strand in America and Europe due to the COVID-19 pandemic.

The Chinese automotive market is growing rapidly, with customers' expectations increasing as they seek suppliers which can support their transition to low-emissions vehicles, said Lakshmi Mittal, chairman and CEO of ArcelorMittal.

Low-carbon & green strategy will become the biggest challenge affecting the survival and development of the iron and steel industry.

Chongqing Iron and Steel's striding forward to a scale of over 10 million tons.

In addition, high profits have greatly stimulated the capacity expansion of overseas mines, and the supply of iron ore continues to increase.