MYSTEEL: China's coke market to face pressure in '23

China's metallurgical coke market may come under pressure in 2023 due to the expected decline in both supply and demand sides, though the declining pace in demand will be faster than that of supply, according to Mysteel's annual forecast for the industry.

"China's hot metal output in 2023 may decline by 10 million tonnes as steel consumption (largely from the real estate sector) is expected to weaken and in view of the central government's directives regarding decarbonization by reining in crude steel output," the report noted. "This in turn would translate to