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Metallurgical Coke Market Slated to Bring in US$ 241.1 Bn by End of 2019-2027

Metallurgical coke, also known as coke/met coke, is a carbonaceous material manufactured by the destructive distillation of high carbon content coal, such as bituminous coal, in high temperature ovens in the absence of air. Metallurgical coke is a basic raw material used for the production of pig iron and steel. Metallurgical coke is categorized into three categories based on size and ash content: blast furnace coke, foundry coke and technical coke. The global Metallurgical Coke market is estimated to be valued at US$ 186.0 Bn by 2018 end and is expected to reach US$ 241.1 Bn by 2027 end expanding at a CAGR of 2.9% over the forecast period. The global Metallurgical Coke market is projected to create significant growth opportunity during the forecast period. Factors Driving Growth of the Global Metallurgical Coke Market Metallurgical coke is primarily used as a raw material for the production of iron and steel. Metallurgical coke is used for the production of almost 70