The fourth round of price cut for metallurgical coke proposed by steel mills in China has been widely accepted by coke manufacturers. In the last two weeks, met coke prices have corrected lower by RMB 800/t ($125.41/t). Steelmakers are requesting for a further reduction in prices to the tune of RMB 200/t ($31.35/t), thereby adding to the bearish sentiments prevailing in the market.
Leave a Reply