DAILY: Price cut outlook dims in China's met coke market

Source: Mysteel Jan 19, 2024 10:15

The stability sustained in the Chinese metallurgical coke market on January 18, and the prospect of another coke price cut became dim due to improved fundamentals, Mysteel Global noted.

Recently, many steel mills expressed their willingness to accept the current coke prices rather than pushing for another price reduction as their demand for the material slightly improved, sources said. The hot metal output at the 247 Chinese mills under Mysteel's tracking had risen for the second straight week to