SMM Coal and Coke Daily: Steel Mills Initiate Sixth Round of Price Cuts Amid Declining Demand

SMM Coal and Coke Daily Review: Some Steel Mills Have Already Proposed the Sixth Round of Price Cuts

In terms of supply, coke enterprises have temporarily maintained stable production, and there has been no significant decline in shipments. Only a few coke enterprises have reduced production due to environmental protection factors. On the demand side, finished steel prices are declining, coupled with weaker production enthusiasm from steel mills at year-end. This negative market feedback is being transmitted to the raw material side, with steel mills gradually seeking profit margins from coke enterprises and coal mines. In summary, general demand and weakened cost support have led to continued downside risks for coke prices, with some steel mills even proposing the sixth round of price cuts.