13
May
03:13
Shanxi's Datong halts 20 coal mines
The Shanxi government is halting production at twenty coal mines in Datong to from 12 May until the end of the 'Two Sessions' political gatherings at the end of May in Beijing, Kallanish learns.
The prospect of closures has stimulated higher spot coke prices. Some coke makers have added CNY 50/tonne ($7/t) to offers on 11 May. Others are still in wait-and-see mode, hesitating to raise prices as the downstream steelmakers have still to fully recover. A…
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Anonymous
Very good overview of the weekly steel market.
Anonymous