Adhering to green and intelligent development is fundamental to the healthy development of the steel industry in China, he said.

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China has been creating steel conglomerates and investing in new mills and cutting-edge technologies for the industry.

The World Steel Association (worldsteel) released its Short Range Outlook (SRO) for 2019 and 2020.

As coal accounts for a major part of China's energy consumption, efforts are needed to make scientific coal exploration plans.

Zhanjiang is now promoting the construction and production of its steel and petrochemical industries.

The lease extension will be granted after an application has been made by the state-run company.