Met Coke Price Trend and Forecast

Met Coke Regional Price Overview

Get the latest insights on price movement and trend analysis of Met Coke in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Met Coke Price Trend for the First Half of 2025

Asia

In H1’25, the met coke market in Asia experienced a shift from stability to softness. Early in the year, demand from China’s steel and pig iron industries remained relatively steady, supported by production needs and initial optimism around infrastructure projects.
 

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However, as the months progressed, weaker steel demand, especially from the construction and real estate sectors, began to weigh heavily on the market. Despite earlier expectations of reduced coal output from Shanxi, China maintained high production levels due to ongoing subsidies for state-owned mines. This led to ample availability of raw materials, keeping supply high even as demand faded.

Additionally, high coke inventories at steel mills and cautious buying behaviour further pressured prices. In Southeast Asia, Indonesia faced a sharp decline in exports to India following the introduction of coke import quotas. With India being its largest buyer, this forced Indonesian producers to cut output or seek new markets, adding to regional supply challenges.

Europe

The European met coke market remained weak through the first half of 2025. Sluggish activity in key consuming sectors like automotive, construction, and metals limited the scope for demand recovery. Economic uncertainty and high logistics costs reduced appetite for imports, while domestic consumption stayed flat.

Although there were no major disruptions in supply, the lack of strong demand meant prices stayed under pressure. Steel producers preferred to maintain lean inventories, and alternative fuels continued to compete with met coke due to better pricing and lower carbon impact. Overall, the European market saw limited movement and remained subdued throughout H1.

North America

In North America, met coke prices started H1 on a stronger note, supported by solid demand from steelmakers and healthy export activity. US producers benefited from overseas interest, particularly from Asia and India in Q1. However, the situation shifted in Q2 as a combination of falling crude oil prices, economic slowdown signals, and increasing trade uncertainty particularly due to the US-China tariff concerns created a more cautious market environment. Although supply remained steady, demand signals weakened, and traders grew more conservative, leading to softer market conditions by the end of the half-year period.

Analyst Insight

According to Procurement Resource, Met Coke prices are likely to remain volatile in the coming months, influenced by steel market trends, trade restrictions, and global shifts in coal and coke supply chains.
 

Met Coke Price Trend for the Year 2024

Asia

In 2024, the met coke market in Asia witnessed a year marked by persistent weakness and oversupply. China, the region’s largest producer and consumer, struggled with sluggish steel demand and falling coke prices. Coke production declined marginally, driven by muted downstream demand and a cautious market outlook. Frequent rounds of price cuts earlier in the year discouraged buyers, while even brief recovery attempts in late Q3 and Q4 were met with scepticism.

Buyers and traders maintained a reserved stance, resulting in limited price traction. Meanwhile, India’s domestic met coke industry faced severe challenges due to a surge in low-priced imports from China and Indonesia. Domestic producers were unable to compete, leading to production cuts and significant stress in the sector. Despite some seasonal stockpiling before the festive period, overall demand remained weak. The lack of a coordinated procurement strategy among Indian steelmakers further fragmented the market, keeping prices subdued throughout the year.

Europe

In Europe, 2024 was a difficult year for met coke suppliers as the region grappled with environmental policy shifts, declining industrial output, and stiff competition from cheaper fuels. Demand from key sectors such as cement and steel remained soft, and this was compounded by an oversupply of imported coke. Despite some supply disruptions caused by reduced Venezuelan exports, European buyers still had access to ample stock at discounted rates.

Traders attempted to clear high inventories by offering bulk discounts, but this had limited success as purchasing remained subdued. The competitive pricing of imported pet coke and coal further eroded market share for met coke. Even as freight costs remained manageable, they did little to stimulate buyer interest. As a result, met coke prices remained under consistent pressure, failing to recover throughout the year.

North America

The North American met coke market followed a similar trajectory, with persistent oversupply and soft demand defining the year. High production levels from domestic and overseas sources, coupled with weak buying activity, pushed prices downward. Refineries in the U.S. Gulf Coast offered steep discounts to manage excess inventory, but export opportunities were limited as overseas markets turned cautious.

Disruptions caused by weather events and logistics bottlenecks, including issues in the Panama Canal and Red Sea, did not significantly influence pricing. Buyers, especially in downstream sectors like steel and aluminium, adopted a conservative approach amid inflation concerns and economic uncertainty, keeping prices flat or declining throughout the year.

Future Outlook

According to Procurement Resource, the Met Coke market is expected to remain volatile, with prices fluctuating within a lower range due to ongoing demand uncertainty, regulatory pressures, and intense import competition.
 

Met Coke Price Trend for the Second Half of 2023

Met coke prices were observed to be rising throughout the said period of H2’23 as it very closely followed the price trend of its feedstock material coal throughout the entire span. Quarter three began with the mining industry facing several restrictions because of environmental concerns, which constricted the coal supplies, thereby impacting the met coke output.

The supply situation became even more dire in the fourth quarter as the shipping industry, too, got disturbed amidst the Red Sea crisis. This freight disturbance further curtailed the market supplies. The dip in demand because of this long-term procurement struggle did push down the price graph elevation a little bit. But, overall, a rising market trend was witnessed in H2’23.

Analyst Insight

According to Procurement Resource, Met Coke price trends are expected to continue along similar lines in the coming months since the supply situation is not likely to improve anytime soon.
 

Met Coke Price Trend for the First Half of 2023

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Met Coke witnessed fluctuating price patterns throughout the first half of 2023. Various factors like availability and upstream costs affected the price trend, but primarily market demands drove the market behaviour for Met Coke.

The met coke prices in the Chinese domestic market declined, given the reduced demands amid falling upstream cost pressure. However, in India, prices averaged about 540 USD/MT (EXW) in January and inclined steadily over the next few months. India is undergoing rapid infrastructure development, which calls for inclined demands from consumer metallurgical industries, so the inclined price trend were observed.

On the contrary, other global markets like North America and Europe witnessed declining trend for most of the discussed periods. The economic recession in Europe and hiked interest rates in the USA have pivoted the monetary decision-making of European and American people. Sectors like construction and manufacturing exhibited very limited activities during this period. So, the price trend for Met Coke remained on a declining trajectory for these markets.

Analyst insight

According to Procurement Resource, the Met Coke prices are expected to continue an oscillating pattern given the unsettled demand and supply dynamics.

Procurement Resource provides latest prices of Met Coke. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.