It is reported that based on current situation of the coal coke and steel markets, research and opinion of coke plants as well the Coke Industry Association of Shanxi province, China major coal province has put forward for this Oct the following measures.
1. Curb production of coke. The association requests coke producers to arrange production strictly in accordance with market consumption. Apart from those responsible for supplying gas for towns while producing coke, all coke producers are requested to lay up 60% to 70% capacities.
2. The association reiterates that all coke producers shall let the quality of coke come up with the standards set in contracts, so that they can win over consumers.
3. Which is also the most important part set the price of coke with less than 0.7% sulfur content, 12.5% ash content at CNY 1,700 per tonne in October.
As per report, in addition coke producers are needed to both follow the above measures and take into account its single solitary situation in all aspects. They are encouraged to enhance negotiation with customers before signing contracts and are requested that no delivery should be made before payment, so as to maintain the financial chains.
(Sourced from MySteel.net)
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