China's steel sector registered notable output growth in July as the country's economic recovery consolidates, industry data showed.

The China Tianjin Bulk Freight Index (TBI), an indicator of northern China's international bulk freight rates, stood at 830.12 points on Wednesday, up 1.71 percent compared with the previous working day.

Move to spur industry consolidation and further boost supply-side reforms.

In August, the ferrosilicon market gradually stabilized, stronger and better, the overall supply side remained stable.

The largest number of Mongolian coal freight trucks to enter China at once arrived in the country Wednesday, Mongolian Finance Minister Chimed Khurelbaatar said Thursday.

The 2010 ferrosilicon contract price on ZCE closed at 5726 yuan per ton on August 28.

Thanks to the implementation of supply-side reforms, the pattern of supply and demand in the steel sector in China has improved since 2016.

Xinjiang cuts over 30 bln kWh coal-fired power in new energy trade since 2016.