DAILY: China's met coke market resilient after price hikes land

Chinese metallurgical coke market firmed up on April 15 after leading steelmakers in North China's Hebei province and East China's Shandong province bowed to pressure from coke producers and accepted an increase of Yuan 50-55/tonne ($6.8-7.5/t) in their coke procurement prices effective from the same day.

The materialization of this price hike proposed by coke makers early last week was mainly supported by relatively steady coke demand from steel mills over the traditional peak month for steel production, according to market insiders. This was the coke producers' first victory after the steel mills had cut their