China: Steel mills propose second round of met coke price cut

Some steel mills in Fujian province in China proposed a second round of coke price cut of RMB 100/t ($14/t). However, it is to be noted that both steel mills and coke producers are operating at lower margins and steel mills are making need-based purchases. As on 9 Sept, Hebei’s Tangshan met coke prices stood at RMB 2,700/t ($390/t).