MONTHLY: China's met coke market to level out in August

China's metallurgical coke market is expected to gradually regain its footing in August after earlier price corrections, though potential improvements across the industrial chain are likely to only provide a floor for coke prices, according to Mysteel's latest monthly report.

After two rounds of retreats beginning in late July, domestic met coke prices may extend the downside trajectory in early August, demonstrating persistent drags from steel mills' slack demand for the raw material given their ongoing operation reductions. More steel mills started to scale back production and conduct maintenance work