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

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October 2014 | Steel Raw Materials


China steel industry to curb output ahead of APEC: Coking Coal and Coke Market Analysis


Chinese medium-to-large sized steel producers produced an average of 1.7629M tonnes per day of crude steel during the second ten days of the month, down 2.25% from the preceding ten day period, according to data released by the China Iron & Steel Association (CISA).

Chinese coking coal inventories witnessed modest declines as market participants stepped-up restocking activities over the past week. More pertinently, major increases in inventories were witnessed at steel mills rather than coke plants, given that steelmakers’ profitability has gradually improved in recent weeks due to relatively stable raw material and finished steel prices. In fact, MBR understands that coke batteries in northern China have been asked to scale back production during the upcoming Asia-Pacific Economic Cooperation (APEC) meetings in...

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