United Kingdom-based energy company Shell Energy Europe has signed a multi-year deal to purchase electricity from a China-run power storage project in the UK, which when completed will be one of the largest battery installations in Europe.
JFE Steel announced its decision to idle part of its steel plate manufacturing operations in Japan on account of falling steel demand and faltering global economic growth situation.
The HBIS Group, one of the world's largest steelmakers based in northern China's Hebei province, has imported iron ore from the Brazilian mining giant Vale in use of RMB clearing.