After two rounds of price hike in met coke, steel mills in China have accepted the first round of price cut by RMB 100/t ($14/t) on 2 Sept’22. Due to bearish sentiments in the downstream steel sector, mills are maintaining low raw material inventory. Met coke prices in Tangshan stood at RMB 2,700/t ($389/t) as on 5 Sept’22.
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