DAILY: China's met coke market outlook improves as steel rallies

The outlook for China's metallurgical coke market significantly brightened on May 6, along with the impressive gains in domestic steel prices. This is expected to bring the latest price hike proposal back on the table after being shelved for over a week, Mysteel learned.

Mysteel assessed the national dry-quenched quasi-first-grade met coke price at Yuan 1,623.6/tonne ($238.3/t) on Wednesday, flat from the last session, while the assessment for the wet-quenched same grade inched up by Yuan 7.8/t to Yuan 1,480.5/t, both including VAT. The mild rise in wet-quenched grade came after some producers in