DAILY: China's third met coke price hike takes effect

China's metallurgical coke market strengthened on November 5, with the latest selling price hikes the third round since early October formally taking effect across the country after decisive push from two leading steelmakers.

On Wednesday, Mysteel assessed China's quasi-first-grade met coke prices, for wet-quenching and dry-quenching types respectively, at Yuan 1,521/tonne ($213.5/t) and Yuan 1,673.3/t including the 13% VAT, registering separate gains of Yuan 45.3/t and Yuan 53.9/t from the previous session. Following nods of some steelmakers in North China on Tuesday, two