China’s coke market is likely to see the fourth round of price hike of RMB 200/t ($32/t), thereby taking the total hike to RMB 800/t ($125/t) after the Spring Festival which ended in the first week of Feb’22. Although steel demand has weakened a bit following the outbreak of COVID cases in 27 provinces of China, steel mills are purchasing coke to ensure smooth production amid low coke inventory.
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