DAILY: Chinese steelmakers give nod to hikes in met coke prices

China's metallurgical coke prices are poised for an uptrend since some steel producers on May 9, Saturday - a makeup workday in China for the Labour Day holiday that ended on May 5 - gave nod to the price hikes proposed by major coke firms over two weeks ago. The domestic met coke market is expected to remain strong in the days ahead.

On Saturday, Mysteel assessed the national quasi-first-grade met coke prices at Yuan 1,623.6/tonne ($238.7/t) for dry-quenched type and Yuan 1,480.5/t for wet-quenched, including VAT, both unchanged from the last session. Mysteel learned that some steelmakers in Tianjin, Xingtai, Shijiazhuang and Tangshan cities in northern China on Saturday notified their coke