India Steel Market Watch
November 3: NINL is offering LAM coke on NINL plant basis at Rs 12,500 per ton in November, down from Rs 12,700 per ton in October, 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 November 30, 2015.
Domestic coke prices have come down by Rs 600-1,100 per ton in the last one month as steel mills are procuring the material from overseas markets, where offers have hit lows of $130 per ton CFR India from $133 per ton CFR in the last fortnight’, according to a coke-maker in India.
Current domestic offers are hovering around Rs 12,300-12,800 per ton.