DAILY: North China's steelmakers accept coke price hike, optimism stays

On September 24, some steelmakers in Tangshan city, North China's Hebei province, said they have accepted the latest coke price hike of Yuan 50-55/tonne ($7.1-7.8/t) proposed by domestic coke producers earlier this week, effective from September 26, according to industry sources.

Market sources expected leading steelmakers in China will quickly follow suit this week as they are securing coke cargoes steadily for now, aiming to build up their coke inventories in the days ahead of the approaching National Day holiday next week. As of Tuesday, the national composite coke price remained