DAILY: Outlook for China's met coke market remains gloomy

The near-term outlook for the Chinese metallurgical coke market remained dim on December 17, as anticipation of another met coke price cut from steelmakers intensified among market participants.

Market sources disclosed that steelmakers would attempt a new met coke price reduction next week, the third round since late November, with the cut expected to materialize within the week. "The poor profitability remains a main driver for steel mills' potential push for lower raw material prices," an analyst based