Steel mills based in Hebei and Shandong provinces in China have proposed a price cut of RMB 200/t ($30/t) for met coke with effect from 23 July due to sluggish steel demand and reduced margins amid falling prices. This would be the third price cut in domestic met coke prices in past few weeks. The price of met coke at Hebei’s Tangshan stood at RMB 3,000/t ($446/t) as on 12 July.
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