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However reduced global economic activity has lessened demand for coal thus resulting in a downward trend of coal prices between early 2011 and mid2016 Apart from sluggish global economic growth and the hard landing of Chinas economy there was also another factor at play that caused low coal prices
Further there have been a number of international companies up for sale at relatively low prices with governments keen to avoid mass job losses caused by steel mills closing down Chinese investment could help drive demand for raw materials in ASEAN as most of the projects are blast furnacebasic oxygen furnace operations
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