Summary of SMM Steel Morning Meeting: The demand for coke has increased, the cost of coking coal has stabilized, and the coke market may remain stable in the short term. The atmosphere of online bidding in the coke market has improved, and there are signs of stabilization and rebound. The profits of coke companies are difficult to restore, but because the profits are still acceptable, there is no plan to reduce production. On the downstream side, under the macro-favorable policy, the price of finished products has strengthened, the profitability of steel mills has been restored, and there is no plan to reduce production. Iron ore has increased instead of decreased, and the demand for coke has increased.

In general, the demand for coke has increased, the cost of coking coal is difficult to continue to decline, and the coke market may remain stable in the short term.