SHANGHAI, Jun 2 (SMM) – This Thursday, mainstream steel mills in Shandong and Shanxi lowered coke purchase prices, marking the tenth round of price cuts. Prices of wet quenching coke were reduced by 50 yuan/mt and those of dry quenching coke were reduced by 100 yuan/mt, with a cumulative cut of 750-900 yuan/mt. From April 3rd to June 1st, coke prices have undergone a prolonged period of sharp cuts.
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