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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.

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

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.

Having registered stable growth in both revenue and profit in the first half of the year, China's central State-owned enterprises are expected to do an encore in the second half.

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 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.

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