The first batch of steel rails made in China for use on Indonesia's Jakarta-Bandung high-speed railway was shipped on Saturday from the Guangxi Zhuang autonomous region.

China's steel industry must adhere to high-quality development because it is faced with both opportunities and challenges due to domestic and external environment conditions.

China's steel industry should adhere to the dual-circulation development pattern and accelerate the establishment of a stable and efficient supply system for raw materials, industry experts said.

The joint research center has already delivered great insights into the outlook of Rio Tinto's largest market.

The steel does not have to be painted, which saves maintenance costs.

China's steel sector registered output expansion in the first 10 months of this year, industrial data showed.

"Not a good sign, but at least the worst is over and we're heading for a recovery."

Australia's Queensland government expects coal exports from the state to drop by 8pc.