Buying activity softened further because prices have been falling too fast.

Buyers do not want to book big tonnages before prices hit bottom, they said.

The HBA dropped down from 72.67 U.S. dollar per metric ton for August, the spokesman said.

The new alliance, based on their advantages in 5G and underground mining...

ferro-alloys.com:August crude outputs of JSW’s steels inclines 13% yoy to 1.25 mt

Subdued construction demand is also a trigger for such cutbacks.

The move is said to capitalize on the growing demand for steel in Vietnam’s fast-growing northern region.

By the end of 2018, there were 532 coal mines in the region, with an annual production capacity of 1.33 billion tonnes.