WEEKLY: China's coking coal users pare their stocks as losses widen

Coking coal inventories held by the 230 independent metallurgical coke producers and 247 integrated mills under Mysteel's survey across China both dropped during the survey week to July 30, the latest findings show. Both sectors were responding to deteriorating profitability by rethinking their raw material replenishment needs, according to Mysteel's latest survey.

By July 30, the combined total of coking coal stocks at the 230 sampled independent coke makers had eased by another 1% on week to 7.66 million tonnes, down for the eighth consecutive week. Also by July 30, total coking coal inventories held by the 247 blast-furnace mills had