Seaborne coking coal spot prices were mostly lower on Tuesday May 21 despite a third round of increases in metallurgical coke prices in China.
Eastern China-based Rizhao Iron & Steel - a major coke buyer in the country - increased its purchase price for coke on Tuesday for a third time since April 26, sources said.It is now paying a delivered price of 2,140 yuan ($309.40) per tonne for materials with 57% coke strength after reaction, up 100 yuan per tonne from the 2,040 yuan per tonne it...