Tag: China Coke prices
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Chinese coke makers’ margins shrink on price cuts
China’s independent producers of metallurgical coke saw their profit margins on coke sales tumble by two-thirds this week after leading steelmakers in North China’s Hebei and East China’s Shandong clipped their coke purchasing prices by yuan 100-110/tonne ($13.8-15.2/t) from 21 May. This price reduction followed the steelmakers’ rejection of a proposal made two weeks earlier…