WEEKLY: Cost pressures drive China's met coke output lower

Metallurgical coke production among the 230 independent producers under Mysteel's regular tracking dropped by another 1% on week to average 501,400 tonnes/day over November 6-12, marking a continuous decline over the past two months, Mysteel's data showed.

As seen in previous weeks, weak profitability continued to weigh on the coke producers' operations during the period, survey respondents noted. While the Yuan 50-55/tonne ($7-7.7/t) price hike coke makers had proposed last Friday – their fourth attempt since early October – was initially resisted and ultimately delayed by steelmakers