Twelve of the 18 coal mines to be closed have an annual output of 600,000 tonnes or less.

This is a drastic rebound compared to the 3.1-percent decline in June.

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China’s plate exporters lowered their prices in the past week to boost trading.

The four countries are China, Mexico, South Korea and Turkey.

China’s domestic hot-rolled coil market shed most of its downward momentum on Wednesday August 28.