Intel Details

Met coke sees third price cut amid weak demand from steelmakers

Met Coke
19 Nov 2024, 13:44 IST
Steel Mint Intel

China's met coke market implemented a third price cut on November 18, driven by subdued steelmaker purchases and declining steel prices. Major steelmakers reduced coke procurement rates by 50-55 yuan/t, intensifying pressure on coking coal prices. While Shanxi miners slashed rates to stimulate sales, auction failures reflected tepid demand. Low trade activity and winter restocking delays added to market challenges.

19 Nov 2024, 13:44 IST
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