As reported by SteelOrbis last week,
China's Shanxi province is planning to cut its output in order to stop the fall in prices and balance the oversupply. Shanxi province produces 40 percent of the world's coke. The
production cut in the province will be around 20 to 40 percent according to Shanxi Coke Industry Association.
Shanxi Coking Co Ltd announced the company would cut coke
production by only a small portion.
According to
China Coking Industry Association, the
production cuts will be nationwide.
China's coke demand is estimated to reach 220 million tons in 2005, while the procution capacity will be almost 260 million tons.