Materials technology company China Gengsheng Minerals has announced that it has developed a new refractory product that will assist the steel industry to cut energy costs and increase efficiency.

Messer Griesheim (China) Investment Company has signed a cooperation agreement with Panzhihua New Steel and Vanadium Company, a subsidiary of the Panzhihua Iron and Steel Group.

According to reports in local media, Vice Commerce Minister Jiang Zengwei stated at a recent press conference that there would be no "Buy China" policy and added that domestic and foreign products would be treated equally as long as they are needed.

News from the website of China's Ministry of Commerce is that Mofcom has initiated an anti-dumping investigation on the import of certain iron or steel fasteners manufactured in the European Union.