The deals involve smart equipment, intelligent manufacturing projects, rolling mills, and blockchain cross-border platform, according to the country's top steel-maker.

The 2101 ferrosilicon contract price on ZCE closed at 5916 yuan per ton on November 13.

This week's ferrosilicon market is still dominated by favorable factors.

UK-Australian iron ore mining firm BHP has signed an agreement with Chinese steelmaker China Baowu to invest up to $35mn in jointly seeking technical solutions to reduce carbon emissions in steelmaking.

January-October imports rose by 73.9pc from a year earlier to 17.71mn.

China's steel exports in October rose by 5.2pc from September to 4.04mn t as Chinese mills shifted supplies to overseas markets with falling domestic prices.

UK-Australian iron ore mining firm BHP has signed an agreement with Chinese steelmaker China Baowu to invest up to $35mn in jointly seeking technical solutions to reduce carbon emissions in steelmaking.

The 2101 ferrosilicon contract price on ZCE closed at 5938 yuan per ton on November 12.