WEEKLY: China steelmakers’ coke stocks hit 28-month low
Jan 15, 2021 16:50
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Total metallurgical coke stocks held by the 110 Chinese steel mills surveyed weekly by Mysteel slid for the sixth week as of January 14, shrinking by 4.8% on week to 4.1 million tonnes, a 28-month low, chiefly due to lower inventories at sampled plants in North and East China, according to the report published on January 15.
The inventories could last the steelmakers for 12.6 days of operations based on their consumption on January 14, the data showed, also a 28-month low.
Coke transportation from coking bases in North China’s Shanxi via truck to the country’s leading steelmaking bases including Hebei and Shandong has been seriously disrupted, due