Supplies of scrap steel in China are expected to be about 338 million metric tons by 2025, which will significantly promote the development of electric arc furnace-based steelmaking in the country, according to a senior industry expert.
BHP has signed a three-year tripartite research collaboration agreement with China's HBIS Group Co Ltd and University of Science and Technology Beijing to support research in low-carbon iron and steel making technologies.
Vale, one of the world's largest iron ore producers based in Brazil, said on Friday that it has signed a memorandum of understanding with China Baowu Steel Group Corporation Limited.