WEEKLY SUMMARY: China's iron ore prices waver, spot coke weakens

In the spot market, China's imported iron ore prices showed mixed trends over June 23-27, while metallurgical coke prices declined after a new round of coke price cuts initiated by steelmakers took effect. In the derivatives market, however, futures prices of both iron ore and coke gained ground last week.

The past week saw Chinese integrated steel mills maintain steady operations at their blast furnaces. During June 20-26, the average blast furnace capacity utilization rate among the 247 steel mills under Mysteel's regular survey rose by a marginal 0.04 percentage point on week to reach 90.83%. Iron ore: By June 27,