Recent environmental inspections have led to marginal tightening in both coke and feed coal production, slowing the pace of price declines. However, narrowing profit margins in the coking sector have tempered steel mills' appetite for aggressive price cuts on raw materials. The industry is widely expected to see the fourth round of price cuts implemented this Friday (Jun 20). Overall, the market remained in a seasonal lull, with downstream users exercising tighter control over raw material arrivals.
4th coke price cut expected this week
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