Rio Tinto said the MoU is another example of the company actively working with Chinese partners to trial and implement digital solutions.

Rio Tinto said the MoU is another example of the company actively working with Chinese partners to trial and implement digital solutions.

Based in the north of Norway, Finnfjord operates three furnaces.

China's two major steelmakers, Ansteel and Ben Gang Group Corporation, inked a deal on Friday to kick off their merger and restructuring that will create the world's third-largest steelmaker.

Ben Gang has become the latter's subsidiary.

The latest price is 450 yuan higher than the mill’s previous purchase price of 7,500 yuan per tonne for July-delivery cargoes.

"Central SOEs, especially those in the steel sector, have strong capabilities to produce hydrogen from fossil fuels－usually coal."

"As a major supplier of other key materials, such as aluminum, copper, high-carbon ferrochrome and iron ore products, we are also well-placed to support the country's plans to build new infrastructure."