During Aug-25, Indian steel prices remained flat MoM at Rs49,500/tonne, while Chinese steel rose by 2% MoM to $500/tonne due to government-led production cuts and anticipation of further output restrictions. Coking coal prices increased by 5% MoM to $155/tonne, driven by supply-side disruptions amid the monsoon. In Jul-25, Indian steel production rose by 3% MoM to 14 mn tonnes. Estimated Chinese steel output declined by 4% MoM to 80 mn tonnes, while global steel production contracted by 1% MoM to 150 mn tonnes. Chinese steel exports increased by 2% MoM and 26% YoY to 9.8 mn tonnes, driven by weak domestic...