【SMM Steel Morning Meeting Minutes】The First Round of Coke Price Increase Is Expected to Be Implemented, Raw Material Prices Are Supported

【SMM Steel Morning Meeting Summary: First Round of Coke Price Increase Expected to Take Effect, Raw Material Prices Supported】Supply side, coke enterprises maintained stable operations with relatively smooth shipments, and most coke enterprises kept their coke inventory at low levels. Demand side, pig iron production at steel mills fluctuated at highs, creating rigid demand for coke. However, influenced by tariff policies, steel prices weakened, and the purchasing enthusiasm of steel mills pulled back. In summary, downstream demand remained moderate, coke shipments from coke enterprises were smooth, and their own coke inventory was low, creating conditions for a price increase. The first round of coke price increase is expected to take effect, and the coke market is anticipated to hold up well in the short term.