Rio Tinto has committed to invest $10 million with the world's largest steel producer China Baowu Steel Group over the next two years in low-carbon steelmaking projects and research, the company said.

Chinese yuan appreciated over 2% since last week, and the trend is upward further, and today almost broken 6.4yuan by one dollar. Why ?

China will resolutely cut the output of crude steel and ensure it falls year on year in 2021, a senior official said .

China's consumption of steel products is expected to grow marginally next year.

Chongqing Iron & Steel (Group)'s steel output broke through 7 million tons.

Fiscal spending likely to focus more on public services to improve livelihoods.

It started construction on Aug 16 with an area of 6,500 square meters.

The steel giant is going to pursue latest technologies and innovation and emerge as the global steel industry leader, said its chairman.