WEEKLY: Chinese coke makers' output hits a three-month high

Daily production of metallurgical coke among the 230 Chinese independent coke makers regularly tracked by Mysteel averaged 521,600 tonnes/day over April 3-9, higher by 2,800 t/d from the previous week, improving for four consecutive weeks to notch the highest in three months, Mysteel's latest survey revealed.

The increased supply was mainly driven by the improved profit margins among producers on coke sales and a brief lift of market expectations in the first half of the week, though bullishness faltered alongside the softening steel market later last week, Mysteel Global noted. Though still suffering from continuous losses, the