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China’s steel mills testing second $7/t coke price cut

Encouraged by the success in cutting coke price by Yuan 50/tonne ($7.1/t) last week, steel mills in the key steelmaking bases of North and East China look into trimming another Yuan 50/t off the metallurgical coke procurement prices this week, citing the persistently high raw material cost, according to sources.
Alarge-sized steel producer in North China’s Hebei, for example, announced to pay Yuan 50/t less on coke procurement effective on July 14, and the latest adjustment reduces the company’s procurement price of the top-grade met coke with 12.5% ash, 0.65% sulphur, and 65% CSR, to Yuan 2,050/t including delivery and

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