MYSTEEL: China's met coke makers meet struggle to win new price hike

China's independent producers of metallurgical coke are meeting resistance from their steelmaker customers to accept another increase in prices for met coke after the mills had conceded a round of price hikes only a week ago, Mysteel Global has learned. A rise would be the second this month but as of Friday, the mills were still pushing back, leaving the proposal in limbo.

The coke producers this week had proposed another round of price hikes – Yuan 50/tonne ($7.3/t) for wet-quenched coke and Yuan 55/t for dry-quenched coke – identical in size to those the mills had agreed to only on April 1, as Mysteel reported. One key factor behind the determined resistance