Coking Coal and Coke Market Report Jun 2015

Billet steel price broke RMB1,900/t in June and is heading all the way to RMB1,800/t with the figure hovering around RMB1,820/t in the very beginning of July.Asian Metal CopyrightBillet steel price broke RMB1,900t in June and is heading all the way to RMB1,800t with the figure hovering around RMB1,820t in the very beginning of July.Asian Metal Copyright Steel mills reported negative profit under such price level, some of them have started equipment maintenance since late last month.Asian Metal Copyright Steel mills reported negative profit under such price level, some of them have started equipment maintenance since late last month.Asian Metal Copyright Because July is the typical off season, it is expected that more steel mills will choose to suspend or reduce output by maintaining furnaces in July, which, of course, will influence the demand for coke. Therefore, Asian Metal considers it very probable that coke prices will see small retreat of RMB10-30/t in July.Asian Metal Copyright Steel mills reported negative profit under such price level, some of them have started equipment maintenance since late last month.Asian Metal Copyright And coking coal market is also expected to be in weak operation this month after the softening of its downstream coke market.Asian Metal Copyright Because July is the typical off season, it is expected that more steel mills will choose to suspend or reduce output by maintaining furnaces in July, which, of course, will influence the demand for coke.Asian Metal Copyright