DAILY: China's second met coke price hike takes effect

China's latest metallurgical coke price hike -- the second bout this month -- finally materialized nationwide on April 20 thanks to a constricted supply landscape. This marked a hard-won victory of coke producers in negotiations with steelmakers since they initiated the price hike on April 10.

Mysteel's assessment of the national quasi-first-grade met coke price for dry-quenching type came in at Yuan 1,623.6/tonne ($238.2/t) on Monday, up by Yuan 53.8/t from the last session, while the same grade for wet-quenching type rose by Yuan 45.4/t to Yuan 1,471.6/t, both including the 13% VAT. Two leading steel