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WEEKLY: China steel mills’ coke stocks hit 11-week low


Total coke stocks at China’s 110 steel plants under Mysteel’s weekly survey plunged to an 11-week low, or down 227,200 tonnes or 5% on week to 4.4 million tonnes as of May 6, which suggested these steel producers’ robust coke consumption that had outpaced their coke replenishment over April 30-May 6.
On Thursday, the in-plant cokeinventories could last for 13.7 days of consumption for these steel mills, also an 11-week low or 0.6 day shorter on week, which matched Mysteel’s other survey on the blast furnace capacity utilization among China’s 247 steel plants, showing that the rate had returned to above


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