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Forecasts and market analysis based on price assessments from Fastmarkets MB and Fastmarkets AMM

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December 2013 | Steel Raw Materials


Chinese mills maintain low feedstock inventories: Coke and Coking Coal Highlights


China’s daily crude steel output slipped in mid-November, owing partly to subdued domestic steel prices and the effect of stricter pollution controls on producers

MBR understand that Chinese mills have maintained low coking coal and coke inventories and this has removed some support from supply-side negotiations. At the same time, subdued finished steel prices have kept a lid on steel raw materials suppliers’ attempts to negotiate prices higher over the past three weeks. As a result, China’s daily crude steel output slipped in mid-November, owing partly to subdued domestic steel prices and the effect of stricter pollution controls on producers.

The country produced 2.132m tonnes per day (tpd) of crude steel in the second ten days of November, compared with 2.144m tpd during the first ten days of the month, according to data released by the China Iron and Steel Association (CISA). In fact, MBR understand that blast furnace utilisation rates in Tangshan city were...

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