A sci-fi-themed amusement park is also expected to be set up in the Shougang Industrial Park by the end of 2021.

The deals involve smart equipment, intelligent manufacturing projects, rolling mills, and blockchain cross-border platform, according to the country's top steel-maker.

The 2101 ferrosilicon contract price on ZCE closed at 5916 yuan per ton on November 13.

This week's ferrosilicon market is still dominated by favorable factors.

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.

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

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.

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.