Infograph: Mysteel’s national coke price refreshes 23-month high
Since the end of last week, key steelmakers in North and East China have agreed to pay another Yuan 50/t for coke procurement, the eighth such price rise they have conceded since mid-August. Forcing the mills’ surrender again was their continuing high consumption rate when coke makers are trimming output.
According to Mysteel’s latest data, as of December 3 capacity
utilization among the sampled 230 Chinese independent coking plants had dropped
1.8 percentage points on week to hit a six-month low of 74.2%, while the
average for blast furnaces operated by the 247 domestic steel plants Mysteel
surveys weekly was still at a robust 92.4% the same day, down by a tiny 0.1
percentage point on week.
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