The recent decline in international coke prices presents a significant challenge for Zimbabwean coke producers, particularly in its efforts to compete in the South African market. Similarly, Chinese met coke prices fell significantly, with assessments indicating a price of US$335 per tonne, down from previous highs. This has directly impacted coke prices, as steel mills the primary consumers of coke have scaled back their raw material purchases, opting to run down existing inventories instead. Thus, when prices in the global markets decline Zimbabwean coke producers face immediate pressure to lower their prices to remain competitive. The falling coke prices on international markets are a wake-up call for Zimbabwean coke producers.

Source: Daily Nation October 11, 2024 14:21 UTC