Coking Coal and Coke Market Review and Forecast (May 25)

Published: May 25, 2023 17:24

Source: SMM

Save

SHANGHAI, May 25 (SMM) – Coking coal: Coal mines maintain stable production.

SHANGHAI, May 25 (SMM) – Coking coal: Coal mines maintain stable production. Coking coal stocks have declined to varying degrees. Stocks of some high-quality coal are at low levels, thus its quotations were hiked slightly. Other mines kept their offers unchanged.

Coke: Most coking plants still have profits and maintain stable production. Coke stocks fell sharply amid smooth shipments. Steel mills accelerated production resumption, but still tried to push for lower coke prices as steel prices have fallen recently. Restocking by steel mills is about to end, and steel market is bearish, which may weigh on coke prices.

Market review

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

9 hours ago

Coking Coal and Coke Futures Hit Daily Limit, Coal and Ferrosilicon Cost Support Drives Magnesium Prices Higher — How Will Magnesium Perform Going Forward? [SMM Commentary]

9 hours ago

11 hours ago

[SMM Steel] India’s RINL Launches Export Tender for 60,000 mt Steel Billets

[SMM Steel] Indian state-owned steelmaker RINL issued a global export tender for 60,000 mt of prime continuous cast steel billets on an FOB stowed basis, with shipment required by July 20, 2026. The tender covers 3SP and 4SP billets in 150x150 mm and 200x200 mm sizes. Buyers must submit bids by May 26, with offers valid until May 30. The minimum bidding volume is 30,000 mt, with additional quantities allowed in 5,000 mt multiples. Payments will be conducted through irrevocable sight letter of credit terms.

11 hours ago

[SMM Steel] Feralpi Stahl Expands Rebar Capacity at Germany’s Riesa Plant

[SMM Steel] Feralpi Stahl, part of Italy’s Feralpi Group, is increasing annual steel capacity at its Riesa plant in Germany from 1 million mt to 1.3 million mt through a new Danieli rolling mill commissioned last May. The new facility currently operates on a two-shift basis and is expected to receive final equipment certification this summer. The mill targets annual rebar-in-coil output of 400,000-450,000 mt, with plans to shift to three-shift operations by 2027 depending on market conditions. The company also said it will continue investing in scrap processing operations.

11 hours ago