China's coal hub Shanxi continues to slash overcapacity, close mines.

China's official purchasing managers' index (PMI) for the manufacturing sector rose to a four-month high in July, indicating that the sector accelerated recovery from the COVID-19 epidemic.

Growth comes with pandemic controls, favorable economic and social policies.

China's benchmark power coal price edges down.

The Atlantic coking coal market is quiet this week, as several participants expected to take a wait-and-see approach until after summer.

Tata Steel has announced a €55/t increase in steel coil prices effective 1 October in a letter to European customers.

The maximum price in the tender is €165,000/MW.

These restrictions are expected to weigh on industrial activity and curtail power demand and generation further, Icra said.