【SMM Steel Morning Meeting Minutes】Coke Is Expected to See a Second Round of Increase

【SMM Steel Morning Meeting Summary】In terms of supply, due to the profit margin of coke enterprises, production enthusiasm is high, and product shipments are very smooth, the supply-demand pattern of the coke market performs well. Demand side, the pig iron production of steel mills continues to remain at a high level, with a considerable daily average production, showing a rigid demand for coke. Moreover, with the approaching May Day holiday, some steel mills have engaged in minor restocking activities. The fundamentals of coke are generally stable, but the cost support is insufficient. In summary, the coke market is expected to maintain a stable operation pattern in the short term, with an anticipated second round of price increase for coke.