DAILY: Leading Chinese steelmakers accept the 4th met coke price hike

Two leading steelmakers in North China's Hebei province and East China's Shandong province accepted a Yuan 50-55/tonne ($7-7.7/t) hike in domestic metallurgical coke prices on November 14, effective the following day. This, following some northern mills' nods to the hike a day prior, had pushed the fourth met coke price increase since early October to take effect nationwide.

Last Friday, sources reported that the Hebei-based steelmaker decided to raise its purchasing prices for wet- and dry-quenching first-grade top-charged coke (ash 12.5%, sulfur 0.7%, CSR 65%) by Yuan 50-55/t to Yuan 1,760/t and Yuan 2,140/t, on a DDP basis and including the 13% VAT, effective on Saturday. Likewise, the