DAILY: North China steelmakers accept met coke price hike

On April 14, some steel mills in northern China's Tianjin municipality, Tangshan, Xingtai, and Shijiazhuang cities in Hebei province confirmed they would accept a price hike of Yuan 50-55/tonne ($6.8-7.5/t) for wet-quenching and dry-quenching metallurgical coke, effective today, sources said.

This marked a positive shift for China's met coke market, following the prolonged tug-of-war between steel mills and coke producers. Market players expected that leading steel mills are likely to follow suit today, pushing this price hike – the first one after 11 rounds of price cuts totaling Yuan