DAILY: Outlook remains dim in China's met coke market

Chinese metallurgical coke market extended the steady run on December 20, with China's national composite coke price under Mysteel's assessment remaining unchanged from the previous working day at Yuan 1,660.4/tonne ($227/t) including the 13% VAT.

Yet outlook for the market stayed gloomy as of Friday, as participants believed that Chinese steel mills might push for another round of coke price cuts this week, given the weakening cost support for coke prices as well as the weakening coke demand, Mysteel Global learned from sources. Downstream steel