China's coking and steel industries Tuesday issued new guidance price for coke, which is 1,600 yuan/ton in November.

The two industries will reset the price monthly.

The sharp slide of demand on steel market has trapped coking industry in great danger and led to the dive of coke price. One example is coking industry in Shanxi Province, which has suffered a total loss of 3 billion yuan.

The coke guidance price is expected to help China's coking and steel industries to tide over the tough period and better regulate the coke market.

(chinamining.org, Nov 21, 2008)