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Leading steel mills put off 2nd coke re-pricing campaign


China's leading steel mills in North China's Hebei province and East China's Shandong province have chosen to stand on the sidelines of a second round of cut in their coke procurement prices, according to market sources on June 24, albeit that some other mills had already announced another Yuan 200/tonne($29.8/t) reduction for coke dispatched since June 23.
On June 21, most steelmakers had just succeeded in making a Yuan 300/t reduction in coke procurement prices, as reported. And by June 24, China's national composite coke price under Mysteel's assessment reversed down to Yuan 3,236.4/t including the 13% VAT after previous two weeks of incline, or down by Yuan


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