[SMM Steel Morning Meeting] Coke Production Steady but Demand Faces Pressure, More Price Cuts Expected

Publicado: Dec 30, 2024 07:40
[SMM Steel Morning Meeting Summary] Supply side, current coke enterprises show moderate production enthusiasm, with most maintaining previous production levels, while some are implementing certain production cuts due to environmental protection. Demand side, steel prices fluctuate, steel mills are increasing maintenance and production cut plans, pig iron production shows a declining trend, end-use demand is average, coke demand faces pressure, and steel mills show low procurement enthusiasm. Overall, steel mills remain cautious in coke procurement, and with coking coal prices continuing to decline, cost-side support for coke weakens. After the fifth round of coke price cuts is implemented, further price reductions are still expected.

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[SMM Steel Morning Meeting Summary] Supply side, current coke enterpri - Shanghai Metals Market (SMM)