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

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.

On Sept. 23, the Deutsche Boerse announced Wednesday evening in an online note.

The purpose of the proposed fundraising is refinancing its existing high-cost debt.

"he two Indian steel companies will benefit from rising steel production on the back of continued demand growth."