DAILY: Chinese steelmakers stay muted about new met coke price hike

Chinese metallurgical coke producers' latest proposal for further price hikes was temporarily shelved as downstream steelmakers stayed muted as of April 27 the scheduled date for the new price raise to take effect - suggesting intense negotiations between the two sides.

Mysteel's assessment of the national quasi-first-grade met coke prices, for dry- and wet-quenching types, sat at Yuan 1,623.6/tonne ($238/t) and Yuan 1,472.7/t including the VAT, respectively, on Monday, both unchanged from the last session. Last Friday, several major coke producers initiated a fresh round of Yuan 50-55/t increases in their