Nation will promote the expansion of market step by step, senior official says.

In the first half, Heilongjiang's imports rose 35.3 percent year-on-year to 99.26 billion yuan, while its exports grew 14.1 percent to 22.95 billion yuan, data from Harbin Customs shows.

Optimizing resource allocation move to help address homogeneous competition

The American Iron and Steel Institute (AISI) reported that for the month of May 2022, U.S. steel mills shipped 7,910,730 net tons.

In April 2020, BHP agreed to a 100 million yuan ($14.6 million) sale with Chinese steel giant Baosteel and pledged to continue sales in yuan.

AISI reported that steel import permit applications for the month of June totaled 2,722,000 net tons (NT)*.

China's value-added industrial output, an important economic indicator, went up 0.7 percent year on year in the second quarter of this year.

In the week ending on July 16, 2022, domestic raw steel production was 1,738,000 net tons while the capability utilization rate was 78.9 percent.