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The World Steel Association (worldsteel) has recognised 9 companies as Steel Sustainability Champions for their work in 2019.

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Both environmental protection and project profits were concerns for the company which is located in Shanxi, a coal-rich province of China.

The composite index for coastal bulk freight edged down 1.6 percent week on week to 1,055.6, the SSE said.

Gao Xiangming, chairman of TISCO, said the company's R&D expenses account for about 5 percent of its annual sales revenue.

It is built in partnership with China Mobile and Huawei.