India: NINL LAM Coke Sales Tender may attract Lower Bids

MMTC has invited interested buyer through sales tender for sales of about 11,000 MT (+/-10%) of LAM Coke.

Neelanchal Ispat Nigam Limited (NINL) has opened up its tender through MMTC to sell about 11,000 MT of Low Ash Metallurgy Coke (LAM Coke) for delivery in December 2013 to January 2014. The delivery of LAM Coke is Ex-NINL, Duburi (Odisha) plant basis and only it can be moved through Indian Railway Rakes. Last date of bid submission before 1500 hrs, 20 Dec, 2013.

Specification of LAM Coke (size 20-80MM)

MC (% max): 1
Ash (% max): 12.5
VM (% max): 1
S (% max): 0.6
M-40 (% min): 82
M-10 (% max): 7
CRI (% min): 22
CSR (% min): 63.5

Size Specifications
+80mm: 6 % max
-20mm: 4 % max
Mean size: 50 mm

MMTC has quoted NINL’s LAM Coke prices at INR 18,500/MT in the market for first week of December on ex-plot basis, which is expiring on 13 Dec, 2013.

Market is showing slightly limited demand and prices are unchanged from a month. SteelMint has assessed that BF grade LAM Coke (25-80mm) has been offered by manufacturers at INR 17,000/MT ex-Vizag basis.

Assam based manufacturers are offering LAM Coke (20-50 mm) at INR 18,200-18,300/MT ex-Guwahati basis.

Gandhidham based manufacturers are offering LAM Coke (25-60 mm) at INR 17,000-18,000/MT ex-plant basis.

In view of above market offers it might affect the price submitted by buyers and NINL Coke would be sold at lower bids than the last circulated price.