China imported a record 112.65 million metric tons of iron ore in July, up 24 percent on a yearly basis, said CNBC.

The U.S. trade representative's office said that the U.S. is taking additional measures to limit the import of steel from Mexico and Brazil in the face of domestic market difficulties caused by the COVID-19 on Monday.

Electrical steel is vital for its use in the stators and rotors in the motor of an electric vehicle.

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

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.

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

Yantai Port in East China's Shandong province set a new world record in unloading efficiency after unloading an average of 12,438 tons of iron ore per hour from a single ship.

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.