Europe met coke Q3 contract prices plunge on lower steel output

摘要

London—Met coke contract prices in Europe for the third quarter have fallen steeply from Q2, as lower regional steel output constrains merchant coke demand, according to market sources. ArcelorMittal and US Steel have publicly announced furnace idlings and steel output reduction across wide swathes of Europe, while other European producers when queried say they are also slowing down in response to poorer steel demand.