Met coke producers in China have accepted the fifth round of price cut proposed by steel mills in Shandong province. Mills had proposed a price cut of RMB 200/t ($30/t) amid sluggish steel demand and reduced margins. Prices are effective from 28 July. Met coke prices have fallen by a total of RMB 900/t in the last four rounds of price cuts. As on 27 July, Hebei’s Tangshan met coke prices stood at RMB 2,600/t ($386/t).
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