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China's top banking and insurance regulator has released a circular on strengthening financial support for coal and electricity production and maintaining order in the commodity market.

China's top banking and insurance regulator has released a circular on strengthening financial support for coal and electricity production and maintaining order in the commodity market.

Rise to balance demand, supply, and cut output, energy use for green goals.

In 2020, crude steel output rose by 5.2 percent year on year to exceed 1.05 billion tonnes, according to the China Iron and Steel Association.

Export tariffs on ferrosilicon, ferrochrome, high-purity pig iron would be raised to 25 percent, 20 percent and 15 percent, respectively.

Tariffs on exports of products such as ferrosilicon, ferrochromium, and high-purity pig iron will be raised temporarily to a rate of 25 percent, 20 percent, and 15 percent, respectively.

Under the premise of ensuring safety, the coal production should be organized according to the maximum capacity.

The US Department of Commerce adopted a final rule Sept. 11 to modernize the Steel Import Monitoring and Analysis (SIMA) system, it said in a statement.