2016-11-08 — reuters.com
Stunned by soaring raw material costs, some Chinese steel mills have cut output and even started maintenance works earlier than usual as state-enforced mine closures continue to choke off the supply of key production ingredients, coke and coking coal.
Prices of coke and coking coal, that typically account for 20 percent of steel production costs, have rallied more than two-fold this year amid Beijing's big push to curb overcapacity and pollution, hurting profits for mills.
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