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.

Ferrosilicon Bidding Information in November, 2020 (11/12/2020).

In the meeting, Gharibpour called for cooperation with the Australian side in various areas including training, exploration, extraction, and new technologies, IRIB reported.

Global Ferronickel Holdings Inc. has been awarded a new contract to supply 1.3 million wet metric tons of nickel ore to China’s Baosteel Resources International Co. Ltd.