The global metallurgical coke market was valued at $224.7 million in 2018, and is expected to reach $352.8 million by 2028, with a CAGR of 4.6%. This material, also known as met coke, is extracted from traditional coke through high-temperature distillation, in other words heating without oxygen at over 1100°C.
Metallurgical coke is today a key material in the manufacturing of iron and steel thanks to the stable level of heat generated from its combustion and its low, or even non-existent, emissions of polluting smoke.
Met coke therefore has a much lower environmental impact than other types of fuel, and the rapid industrialisation in emerging economies, as well as the growth in steel production, should support the development of coke trading at a global level. The leading markets (constantly evolving) for metallurgical coke are currently China, India and some Japanese companies.