In response to the earthquake in the global oil price, though only for one day, China’s iron ore prices and coke futures price reversed down slightly over April 20-24, and spot coke price hovered low. The fundamentals of the two steelmaking raw materials, however, had remained solid, as Chinese steel mills had been in the process of ramping up their output further by the end of last week.
Source : https://www.mysteel.net/article