DAILY: Seesaw standoff looms for China's met coke price hikes

China's latest metallurgical coke price hikes are expected to come under a seesaw standoff in the near term, given steelmakers' reluctance to accept higher raw material prices due to their moderate demand for the steelmaking feed, Mysteel learned.

On March 23, Mysteel's assessments for China's quasi-first-grade met coke prices for wet- and dry-quenching types sat at Yuan 1,381.7/tonne ($200.8/t) and Yuan 1,516/t, including the 13% VAT, respectively, staying flat for eight straight sessions. Sources reported that major coke producers in North China's Shanxi, Hebei and East China's Shandong