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China has over 110 million 5G users and is expected to have more than 600,000 5G base stations by the end of this year.

In September, the sub-index for production stood at 54, up 0.5 points month on month, while that for new orders rose 0.8 points to 52.8.

The head of Italian equipment and engineering company Danieli said the company had signed a collaboration deal with China's HBIS.

Experts expect construction related to key projects to buoy industry's prospects.

China Taiyuan coal transaction price index stood at 125.91 points Monday, up 0.73 percent week on week.

They will also cooperate in bonded-area operations and trade and jointly build an iron ore blending and distribution center in northeast Asia, according to the MOU.

Cutting the use of coal is one of the province's key measures to promote environmental conservation.

In the first 8 months, China's crude steel production accounted for 58% of the world's total, and demand for steel production increased significantly.