DAILY: Chinese steelmakers seek another met coke price cut

Chinese steelmakers called for a second round of metallurgical coke price cuts on October 9, following the first round that materialized on October 1. Downward pressure on China's met coke prices is expected to persist in the near term.

Mysteel Coke Index (MCI) CDQ, which tracks China's national dry-quenched quasi-first-grade met coke prices, stood unchanged at Yuan 2,215.6/tonne ($331/t) on October 10, while the MCI CWQ for wet-quenched quasi-first-grade met coke also stayed flat at Yuan 2,045.3/t, both including VAT. On October 9, major steel producers in North China's