DAILY: Chinese steelmakers initiate fresh met coke price cut

Major steelmakers in Hebei and Tianjin in North China announced a Yuan 50-55/tonne ($7-8/t) cut in their metallurgical coke purchase prices on November 11, effective November 13. This marks the third round of cuts, following two earlier reductions in October and an unsuccessful price hike attempt on October 19.

The Mysteel Coke Index (MCI) CDQ, which tracks China's national prices for dry-quenched quasi-first-grade met coke, stayed unchanged from the previous session at Yuan 2,107.9/t on Wednesday. The MCI CWQ, tracking wet-quenched quasi-first-grade met coke, also held steady at Yuan 1,943/t, with both prices including VAT. The same day, prevailing