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

By the end of June, China's installed capacity for renewable energy had exceeded 1.1 billion kilowatts.

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.

US carmaker Tesla has signed contracts worth about $5-billion to buy materials for their batteries from nickel processing companies in Indonesia, a senior cabinet minister told CNBC Indonesia.