DAILY: Chinese met coke prices to weaken as mills seek lower costs

Steelmakers in northern China's Hebei and Tianjin notified their coke suppliers of a Yuan 50-55/tonne ($6.9-$7.6/t) price cut, effective Friday, marking that the recent stability in domestic coke prices since late October will quickly come to an end.

As of Thursday, China's national composite coke price under Mysteel's assessment stayed unchanged on day at Yuan 1,791.2/t including VAT. By Friday morning, official notices from China's leading steelmakers were still absent, Mysteel learned. While market sources expected they will announce similar cuts today, which could push this bout of