metallurgical coke price trend ,foundry coke news
In recent years, the foundry coke industry has been focusing on technological innovations and sustainability. Innovations in coke - making methods can significantly improve the efficiency, quality, and environmental sustainability of foundry coke production. For instance, the adoption of advanced technologies can lead to better energy utilization, reduced emissions, and higher - quality products, thus attracting more investments and promoting industry growth.
According to Technavio, the global foundry coke market size is estimated to grow by USD 500.7 million from 2024 - 2028, with a compound annual growth rate (CAGR) of 4.36% during the forecast period. The growth of the steel industry is a major driver of the market, especially with the increasing demand for foundry coke from emerging markets.
In 2023, on October 12, the US International Trade Commission (ITC) voted to make a positive final determination of industry injury in the fourth anti - dumping sunset review of foundry coke imported from China. The ITC ruled that if the current anti - dumping measures are lifted, the substantial injury to the US domestic industry caused by the import of the products is likely to continue or recur within a reasonably foreseeable period. As a result, the current anti - dumping measures will remai