DAILY: Another Chinese met coke producer initiates price hikes

Another metallurgical coke producer in East China's Shandong province decided to raise its sales prices on January 15 amid recent surges in coking coal prices. Market expectations for a nationwide price hike on met coke continued growing, Mysteel Global notes.

On Thursday, a producer in Binzhou city, Shandong province, notified its steelmaker customers of a Yuan 10/tonne ($1.4/t) rise in its selling price for met coke products, effective the same day, according to market sources. This adjustment followed a Yuan 50-55/t hike in met coke prices at two producers in