The slump in Chinese steel prices has prompted mills to lower their coke purchase prices, but the coking industry is opposing this and instead proposing production cuts.
On Monday, China's steel market collapsed and some mills lowered their coke buying prices by CNY 300/tonne ($45/t). The China Coking Industry Association (CCIA) thus held an industry meeting late on Monday, calling on coke companies to respond to current market conditions by cutting …
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