[Steel mills are expected to initiate the third round of price cuts tomorrow; Changzhi City plans to resume production at one additional coal mine] Qinyuan County, Changzhi City, is expected to resume production at one additional coal mine on August 5, with an approved capacity of 1.2 million tonnes per year, involving low-sulfur lean coal, mainly for self-use after restart. The county had previously resumed production at three coal mines in total, with a combined approved capacity of 4.5 million tonnes per year, while some other coal mines are queuing for acceptance inspection. On the demand side, steel product demand has shown no obvious improvement. Recently, some steel mills have announced new maintenance schedules, and hot metal output may continue to decline this week. With the expectation of a third round of coke price cuts, downstream coking coal procurement remains cautious. Overall, coking coal prices are expected to remain in a rangebound pattern with support below and limited upside potential in the short term. (Mysteel)