[SMM Coking Coal and Coke Daily Brief] In terms of supply, the third round of coke price increase has been implemented, and current by-product prices continued to rise. Coking enterprises enjoyed good overall profits and were active in production, with coke production steadily increasing. Demand side, hot metal output at steel mills remained at high levels, providing support for rigid demand for coke. Meanwhile, HRC futures continued to strengthen recently, steel mill profitability recovered significantly, and enthusiasm for coke procurement further increased. In summary, the coke supply-demand structure maintained a tight balance, and the coke market may hold up well and remain generally stable with slight rise in the short term.

[SMM Coking Coal and Coke Daily Brief] News: Mainstream steel mills in Hebei and Shandong raised wet-quenched coke prices by 50 yuan/mt and coke dry quenching prices by 55 yuan/mt, effective from midnight on May 11, 2026, marking the implementation of the third round of coke price increases. Supply side, cost support for coke strengthened recently, and coke producers saw good order-taking activity, with rush delivery requests emerging in the market, keeping coke supply in a tight balance. Demand side, steel mill profits expanded notably, production enthusiasm remained high, daily average hot metal production continued to fluctuate at highs, coke demand stayed strong, and steel mills were active in purchasing. In summary, following the implementation of the third round of coke price increases, the coke market is expected to be generally stable with slight rise in the short term.

After the holiday, ferrous metals opened higher, but subsequent trends diverged—steel products and iron ore fluctuated at highs, while coke surged before pulling back. The strong rally during the week was mainly driven by disturbances outside China. During the holiday, the US-Iran standoff escalated with widening negotiation gaps, pushing raw materials to lead the gains in ferrous metals. Combined with capital inflows after the holiday, this provided a clear upward drive for prices. In the latter half of the week, market rumors suggested that Iran and the US had reached a consensus on easing the US naval blockade in exchange for the gradual reopening of the Strait of Hormuz, and bears increased their positions in coke. Data on the five major steel products were released, showing weakness in both supply and demand, with inventory not accumulating after the holiday. On the spot market side, traders had a strong willingness to hold prices firm, and purchases were made in both futures and spot cargo at low price levels...

On May 14-15, 2026, the SMM WCCE 2026 (4th) Wire & Cable Industry Development Conference and Industrial Exhibition will grandly open at the Suzhou International Conference Hotel, focusing on precise matchmaking across the cable industry chain. With full-chain resource integration and efficient supply-demand matching at its core, the exhibition builds a quality bridge for business negotiation and technical exchange among industry partners. Shaanxi Kunlan Cable Manufacturing Co., Ltd. has a team of professional technical personnel and workers, and has established a provincial-level enterprise technology R&D center, providing strong technical assurance for product quality control, improvement, and new product R&D. As a modern technology-oriented manufacturing enterprise integrating R&D, production, sales, and services, the company has always focused on wire and cable. It will showcase a variety of high-quality wire and cable products in multiple specifications at the exhibition, injecting new vitality into the industry. Shaanxi Kunlan Cable Manufacturing Co., Ltd. was established on April 19, 2016. It is a modern professional wire and cable manufacturing enterprise integrating R&D, production, sales, and technical services . Its production site is located in the provincial-level economic development zone in Linyou County, Baoji City, covering an area of approximately 50,000 m², with an annual capacity exceeding 2 billion yuan. With over a decade of deep cultivation in the cable field, the company has become a highly competitive and capable enterprise in China's cable sector, backed by its solid product quality, comprehensive qualification system, and customized service capabilities. The company possesses leading professional production equipment and detection instruments in and outside China, strictly manufactures in accordance with national standards and international organization standards, and has built a closed-loop quality system covering raw material selection, full production process control, and rigorous finished product inspection before delivery, establishing a complete and well-rounded product system. The company mainly sells household wiring cables, low/medium/high voltage power cables, control cables, mineral-insulated fireproof cables, coal mine cables, aerial insulated cables, aerial bundled cables, pre-branched cables, rubber-sheathed cables, flame-retardant cables, fire-resistant cables, low-smoke halogen-free cables, irradiation-crosslinked cables, etc. It can design and produce specialty cables according to client requirements . The sales network covers the entire country, and the company has established long-term strategic partnerships with key project entities including State Grid Corporation of China, China Railway Group, CNNC, China Energy Engineering, China Railway Construction, AVIC, China Minmetals, China National Chemical Engineering, China State Construction, Xi'an Metro, Shaanxi Construction Group, Shaanxi Coal Group, Yanchang Petroleum Group, China Resources Land, among others. Company Qualifications : The company has obtained the National Industrial Product Production License, National Compulsory Product CCC Certification, Quality/Environmental/Occupational Health and Safety Management System Certification, ECM Certification, CNNC Qualified Supplier Certification, State Grid Certificate of Compliance, Coal Mine Safety Certification, etc. The company has been recognized as a AAA Credit Enterprise in Shaanxi Province, an Advanced Enterprise for Honest Business Operations in Shaanxi Province, and a Trusted Consumer Unit in Shaanxi Province. It has received honors including "Growth Enterprise," "High-tech Enterprise," "Above-scale Enterprise," "Technology Little Giant Enterprise," "Specialized, Refined, Differentiated and Innovative Enterprise," and "Industrial Enterprise R&D Center." Adhering to the business philosophy of "Integrity, Pragmatism, Cooperation, and Win-win," Shaanxi Kuncable has always upheld its commitments of "Domestic Excellence, Technology and Environmental Protection," "National Standard Quality, Safe and Durable," and "Guaranteed Full Meters, Tenfold Compensation for Shortages," serving a broad range of users with the mission of "Quality Products and Satisfactory Service." Product Display Shaanxi Kuncable Cable Manufacturing Co., Ltd. will continue to focus on the wire and cable industry, driving product upgrades through technological innovation and building a solid foundation for development through rigorous quality control. The company is committed to becoming a benchmark enterprise in the wire and cable industry and realizing its vision of "Going Global, Facing the World"! May 14-15, 2026, Suzhou International Conference Hotel, Jiangsu , we welcome friends from all sectors to attend the conference in person and visit the booth of Shaanxi Kuncable Cable Manufacturing Co., Ltd. (E28-29) to experience up close the outstanding quality and technological strength of Shaanxi Kuncable, explore new cooperation opportunities, and open a new chapter for the industry together. SMM WCCE 2026 (4th) Wire and Cable Industry Development Conference & Industrial Exhibition May 14-15 Suzhou International Conference Hotel, Jiangsu Participating Enterprises: Qifan Cable, Kunyi Cable, Senyuan Cable, Sanwu Cable, Huili Cable, Wanma Co., Ltd., Xinhai High Conductivity, Chenfeng Yongliang, Xinhuang Group, Dongwu Futures, Guojia Conductor, Hongxing Meike, Dongfeng Cable, Qijia Industrial, Beijing Shougang Ferroalloy, Xinhongye, Yingtan Chaolong, Meichuangli, Jiuli Electric, Xinzi Nengke, Xindongang Electric, Aerospace Electric, Guochu Logistics, Jielüda, Jinhuijia, Xindian Aluminum Alloy, Gangwei Ultrasonic, Jinrui Qianyuan... Click to View ☛ ｜

JSW Steel delivered record production and sales in FY2024-25, but weaker steel realizations dragged down revenue and margins, creating a clear growth paradox: higher volumes but lower earnings quality. As India’s largest steelmaker, JSW’s next challenge is to turn its scale into more resilient earnings through higher VASP contribution, stronger raw material security, selective overseas improvement, technology partnerships, and decarbonization readiness.

[SMM Coking Coal and Coke Daily Brief] In terms of supply, coking costs were generally stable with a slight increase, and coke enterprises had good shipments, with their own coke inventory falling to low levels, leaving no sales pressure. Demand side, end-use demand for finished steel products had weakening expectations, and hot metal output was expected to see a slight correction this week, weakening rigid demand for coke. Steel mills showed strong resistance to the third round of coke price increases. However, ferrous metals futures rose broadly today, and after consumption during the Labour Day holiday, some steel mills saw their coke inventory decline, making it possible for those mills to accept the third round of coke price increases. In summary, coke and steel enterprises may continue to negotiate, and the coke market is expected to remain generally stable with slight rise in the short term.

This week, ferrous metals moved sideways and upward. During the week, as US-Iran negotiations made no progress and the Strait of Hormuz remained closed, combined with declining US crude oil inventories, Brent crude oil surged sharply, driving coking coal higher. Although BHP port spot cargoes were available for purchase, which was bearish for market sentiment, futures had already priced in related expectations earlier, so iron ore pullback was limited and cost support was relatively neutral. The Politburo meeting held mid-week had low direct correlation with ferrous metals, and ferrous metals fluctuated at highs during the week. Spot market side, end-users restocked at low prices before the holiday, and as futures rose in the latter half of the week, speculative demand was also released...

[SMM Coking Coal and Coke Daily Brief] In terms of supply, coking enterprises have already restored profitability and maintained high production enthusiasm. Coke production edged up steadily, and coking enterprises saw smooth shipments, with coke inventory generally remaining at low levels. Demand side, steel mills maintained high hot metal production, sustaining rigid demand for coke, and some steel mills accelerated their restocking pace as the Labour Day holiday approached. In summary, the coke market's supply-demand situation presented a tight balance. In the short term, the coke market is expected to hold up well and remain generally stable with slight rise, and the third round of coke price increase is expected to materialize.

Tianjin SIEMAG TECBERG Machinery Co Ltd has reached a major milestone with the successful acceptance of two sets of hoisting equipment at the SDE 2# coal mine in South Kalimantan, Indonesia. Developed by the Qinfa Group with an investment of approximately US$300 million, the SDE 2# project is expected to achieve an annual output of up to 10 million tonnes of coal once fully stabilized. This project represents SIEMAG TECBERG’s first foray into the Indonesian market, featuring advanced Koepe winders designed for a hoisting depth of 386 meters. The successful delivery underscores the reliability of the company’s technology in tropical environments and provides critical infrastructure for a site holding approximately 293 million tonnes of proven coal reserves.

Yancoal Australia, the Australian-listed subsidiary of Yanzhou Energy, announced its plan to acquire an 80% interest in the Kestrel coking coal mine in Queensland for up to $2.4 billion, further expanding its high-quality coking coal assets outside China. According to the announcement submitted by Yancoal Australia to the Australian Securities Exchange, the transaction would involve acquiring 100% of the equity in the Kestrel Group to indirectly hold an 80% interest in the Kestrel mine. The consideration comprised a $1.55 billion upfront payment and contingent payments of up to $550 million, with a total consideration cap of $2.4 billion. The transaction was expected to be completed by the end of the September quarter this year, subject to approval from relevant regulatory authorities. This acquisition represented an important step in Yanzhou Energy's continued deepening of its resource portfolio outside China, helping to further consolidate high-quality coking coal assets. Expanding Presence in Premium Global Coking Coal Regions The Kestrel mine is located in the Bowen Basin, Queensland. The basin is one of the world's major coking (metallurgical) coal producing regions, with its coking coal sold to major steel enterprises worldwide. The mine was previously held by a joint venture comprising EMR Capital and Adaro Capital. In 2018, the joint venture acquired the 80% interest in the Kestrel mine from Rio Tinto for $2.25 billion, with the remaining 20% held by Mitsui. Yancoal Australia is the Australian-listed platform under Yanzhou Energy Group, currently operating multiple thermal and coking coal mines in New South Wales and Queensland. This acquisition continued the Yanzhou Energy group's ongoing expansion of coal assets in Australia. Upon completion, Yancoal Australia will secure a significant strategic foothold in the Bowen Basin, one of the world's premier coking coal producing regions, further strengthening its position in the global coking coal supply chain.