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The agreement will establish a multi-level commodity trading market system and win China more of a say in the pricing of metals.

China accounts for more than 20 percent of the company's total sales volume, Machkevitch stated.

[Ferro-Alloys.com]One billion POSCO – 46 years after the first drop of molten iron in 1973

ferro-alloys.com:Fortescue in competition for massive West African iron ore project

The meeting decided to promote market reform of electricity transactions and reduce the cost for enterprises on power consumption.

In its initial stage, the railway will have 77 stations and allow trains to travel at 120 km per hour.

Rio Tinto signs MOU with China's Baowu Steel Group, Tsinghua University to reduce carbon emissions.

The listed futures at the Shanghai Futures Exchange are eight contracts to be delivered from February to September of 2020.