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

Russian plan for exchange scrap metal trading halted by coronavirus.

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.

China's two leading manufacturing purchasing managers' indices, or PMIs, were both in growth territory in May.

GM to ramp up US, Canadian auto assembly plants June 1: company.

The European Union has transitioned its hot-rolled coil quota to a country-by-country and quarterly basis.

US gross domestic product (GDP) will not reach its pre-pandemic levels until well into 2022 following a sharp contraction this year, economists with major US banks said.