India Steel Market Watch
October 15: NINL is offering LAM coke on NINL plant basis at Rs 12,700 per ton in October, down from Rs 13,000 per ton in September, according to information available with ISMW.
The price is exclusive of excise duty, sales tax, freight and other duties.
The total material offered is 2,000 tons.
The specifications of LAM coke include moisture 3% (max), ash 12.5%, VM 1%, FC (dry basis) 85%, sulphur 0.6% max, CSR 63.5%.
The delivery would be through rail or road on actual weight basis.
The offer is valid till October 31, 2015.
An official at a coke plant in India told ISMW that domestic coke prices have come down by Rs 500-1,000 per ton in the last one month as steel mills are procuring the material from overseas markets, where offers have come down to $133 per ton CFR India from $140 per ton CFR in the last one week’s time.
Current domestic offers are hovering around Rs 12,500-13,000 per ton.