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Haitai Futures: The 10th round of coking coal price increases still hasn’t been implemented, and steel mills show strong resistance

2026-07-13 04:23:17

Terminal steel demand is weak; steel mills’ profit margins are declining, with more production cuts and maintenance; blast furnace hot metal output has fallen, and demand for both coking coal and coking coke at the margin has weakened. The 10th round of coking coal price increases has still not been implemented. Steel mills are strongly resistant to the move, and pressure on port and coking-plant inventories has increased somewhat. Overall, prices have been trading in a choppy but generally bearish pattern. (Haitai Futures)

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