China’s met coke producers have accepted the fourth round of price cut on 27 Feb’24 prompted by steel mills in Hebei and Shandong provinces facing depressed margins. Met coke prices in Hebei’s Tangshan were assessed at RMB 2,060/t ($332/t), a fall of RMB 100/t ($14/t) d-o-d. Squeezed profits and sluggish demand lead to suppressed production and weak market outlook.
