On November 6, POSCO and Tata Steel sign an agreement for business and technical cooperation of Hyperloop, an eco-friendly transportation.

January-October imports rose by 73.9pc from a year earlier to 17.71mn.

UK-Australian iron ore mining firm BHP has signed an agreement with Chinese steelmaker China Baowu to invest up to $35mn in jointly seeking technical solutions to reduce carbon emissions in steelmaking.

UK-Australian iron ore mining firm BHP has signed an agreement with Chinese steelmaker China Baowu to invest up to $35mn in jointly seeking technical solutions to reduce carbon emissions in steelmaking.

China's steel exports in October rose by 5.2pc from September to 4.04mn t as Chinese mills shifted supplies to overseas markets with falling domestic prices.

Australia's iron ore exports rose in September from a year earlier and were 3.9pc up for January-September.

Australia's iron ore exports rose in September from a year earlier and were 3.9pc up for January-September.

Hancock's Atlas Iron subsidiary will assist in extending the life of Roy Hill and has been cash positive at recent iron ore prices, the company said.