A large iron ore deposit has been discovered in northern China's Shanxi Province, with an estimated reserve of around 310 million tonnes, local authorities said Thursday.

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The steel industry operates steadily on the whole in 2019, according to Ministry of Industry and Information Technology (MIIT).

Chinese company Jingye Group announced on Monday that it has taken over British Steel in a rescue bid, securing the immediate future of the Scunthorpe steelworks and promising a sustainable chapter for the industry.