DAILY: China's met coke sentiment remains weak, new price cut looms

Sentiment in China's metallurgical coke market remained weak on December 26, as many participants predicted that domestic steelmakers would soon initiate a new round of price cuts on met coke amid their weak demand for coke feed.

Last week, met coke demand in China stayed slack amid slow operations among domestic integrated steelmakers. According to Mysteel's survey of 247 blast-furnace mills across the country, over December 19-25 their hot metal output remained almost flat on week at 2.27 million tonnes/day on average, the lowest level in