They also said the industry will likely experience demand recovery to a certain extent in the coming months.

Compared with wet quenching, Mi said the new technique has economic and environmental benefits.

The scale of the industrial internet industry has exceeded 1 trillion yuan.

China's State Administration for Market Regulation has conducted investigations on activities of bidding up coal prices, the administration said Friday.

Major steel producers churned out a total of 20.79 million tonnes of crude steel in late July, the data showed.

According to the administration, China saw 190 mining accidents in the January-July period, down 14 percent year on year.

Hasan said that the exported steel would be used to establish a hospital in New Zealand.

Rio Tinto is not concerned about China's plans to centralise iron-ore purchases and has strong ties with its customers, the Australia CEO for the global miner said on Friday.