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Fortescue will look at using the PosMAC steel product to build its solar energy facilities in Western Australia.

Even as S&P Global Platts IODEX 62% Fe fines benchmark fell Dec. 14 to $154.50/dmt, total pellet prices indicated well above earlier levels.

The settlements for BF-grade pellet premiums are double the $20/dmt premium in the previous quarter and 93pc higher than $24/dmt for DR-grade pellets.

The coal import and export trade was once suspended due to COVID-19 earlier this year, and restarted on March 28.

Innovation is a fundamental condition for China's steel industry to achieve high-quality development during the 14th Five-Year Plan(2021-25) period and beyond, according to a senior industry expert.

Longhui Coal Gasification is another company that recently moved to Qingxu park. It will maintain its coking operation at a much more advanced level.

The country consumed 4.86 billion metric tons of standard coal in 2019, lower than the ceiling target of 5 billion tons.

Another industry that has witnessed strong growth with export in the first 11 months is the furniture industry.