The two sides will develop economic feasibility studies on usage of products with lower carbon footprints in the iron-making process, Vale said.

The NDRC warned it would take a "zero" tolerance approach and crack down on illegal activities like spreading false information and price gouging in the market.

Using the world’s first green steel to make a dump truck

BHP iron ore output drops 5% on maintenance work, labour crunch

Nickel price shrugs off Vale Onça Puma halt after court order

The State-owned group is confident it can harness new growth opportunities presented by many countries' plans to build new railroads and subways.

On a quarter-on-quarter basis, China's GDP expanded by 0.2 percent in the July-September period, versus 1.3 percent in the April-June period.

India: MOIL's next ferro manganese auction on 26 Oct'21