GACC: China's coking coal imports rise 5.7% MoM in July

China's coking coal imports in July witnessed a 5.7% increase from June to reach 9.62 million tonnes, marking a further rebound from a nearly two-year low recorded in May, according to the latest data from the General Administration of Customs (GACC).

The main driver behind the import recovery was the revived buying interest among Chinese coke and steel producers, as steady growth in mills' hot metal production – a weathervane for the country's ferrous market – had driven them to seek cost-effective coal cargoes from the seaborne market, Mysteel Global