China: Met coke producers plan to cut production by 30%

China’s met coke producers are planning to cut production by 30% to push prices up. Previously, the coke manufacturers’ price hike proposal got mixed response from the steel mills as they are struggling with lower profit margins. As on 10 Mar’23, Hebei’s Tangshan met coke prices stand at RMB 2,700/t, unchanged for almost the last two months.