DAILY: Losses of Chinese coke makers widen after price cut

China's metallurgical coke market was still weak on February 13. The Yuan 50-55/tonne ($6.8-7.5/t) coke price cut earlier this week has squeezed many coke producers' margins and most of them reined in production to avoid further losses, according to market sources.

As of Thursday, China's national composite coke price under Mysteel's assessment stayed flat on day at 1,451.6/t including VAT. Since Monday, more merchant coke makers across the country bowed to the demands that leading steelmakers made on the same day to lower their met coke selling prices, weighing on their