Met coke sees third price cut amid weak demand from steelmakers
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.