China stainless steel mogul fights to avoid a second collapse
A debt crisis is threatening the future of one of the world’s top stainless steel producers, Jiangsu Delong Nickel Industry.
China’s coal imports dropped 11.8 percent in the first half of the year to 70.49 million tonnes while exports also fell 13.7 percent to 8.75 million tonnes.
During the period, the nation recorded a net import of 61.74 million tonnes of coal.
The figure fell 11.5 percent year-on-year amid surging international coal prices, according to figures released Friday by the China National Coal Association.