China studying further measures to reduce coke exports
Mr Hou Shiguo deputy director with the industrial policy department under China's National Development & Reform Commission during coke market operation seminar on August 2007 disclosed that in order to reduce coke export, China is to deepen the export policy and further study measures to control the volume.
According to Mr Hou, coke industry is highly polluting. Under heavy pressure to conserve energy and reducing emission, the government hopes to cut the export to the minimum.
In 2006, China exported 14.5 million tonnes of coke, accounting for less than 5% of the China's total coke sale, yet some 50% of world trade. China's coke export volume has stayed around 15 million tonnes in last 3 years. China's revising the export policy will thus have an effect on the global situation pushing coke prices up.
Source: MySteel.net
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