DAILY: China's met coke supply subdued despite improved profits

Despite improved earnings following recent coke price hikes and reduced coal costs, China's metallurgical coke production remained subdued on November 18, with many coke producers wary of raising run-rates, according to market sources.

Over the past two months, coke plants continued curtailing their production, since strong coking coal price rallies had persistently elevated their production costs, eroding their profits on coke sales, as reported. Mysteel's survey showed that daily output of the surveyed 230 independent met coke plants fell by another 1.03% on