prices - Latest news GMK Center

China's rising coke production failed to lift prices due to oversupply

Seasonal buyer activity was lower than expected in most regions

Lack of large deals prevented sellers from raising quotes

Elsewhere in the world, producer bids remain unchanged

Growth of domestic steel production and reduction of exports contributed to price increases in key markets

Protective measures were the main factor behind the rise in product prices in the US and EU

A decline in import volumes by major consumers failed to support quotes

Producers took advantage of the tightening of tariff protection in the European steel market

Weak demand from steelmakers and high inventories are holding back price offers

A decline in domestic demand forced manufacturers to soften their pricing policies

The coke market in China has reached a local «bottom» amid falling production volumes in the metallurgy industry

Buyers take a wait-and-see attitude in hope for further price cuts despite announced production cuts in China and declining inventories