Nilanchal Ispat Nigam Ltd (NINL), one of the largest integrated Iron and steel plant in Odisha, has reduced prices of Low Ash Metallurgical Coke (LAM Coke) produced from its coke ovens.
The company had lowered the price across various slots offered for sale by INR 600-800/MT from the previous revision, probably to incite higher buying in the dull market.
For sale of LAM coke up to 3,000 MT, the price has been set at INR 19,300/MT, while for bulk booking above 10,000 MT the affixed price was recorded at INR 18,500/MT. The company, in fact, has introduced a new lot size for sale varying from 8000-10000 MT in the current revision, whose price has been set at INR 18,700/MT.
Incidentally, the price different between adjacent slots was kept unvaryingly at INR 200/MT across the 5 lots specified in the revision.
| Quantity | New Prices | Old Prices | Difference |
| Up to 3,000 MT | 19,300 | 20,020 | -720 |
| 3,000-5,000 MT | 19,100 | 19,800 | -700 |
| 5,000-8,000 MT | 18,900 | 19,500 | -600 |
| 8,000-10,000 MT | 18,700 | 19,300 | -600 |
| Above 10,000 MT | 18,500 | 19,300 | -800 |
Prices in INR/MT
Exclusive of GST, Freight, other statutory levies/taxes/duties etc.
The sale price noted on Ex-Plant basis applies to LAM Coke with size varying from 25-80 mm, and would stand valid up to 2 Dec’19.
NINL has specified that the buyer would have to pay 10% advance along with initial payment for 1,000 MT in case of booking up to 5,000 MT. While for booking above 5,000 MT, the buyer would have to bear 10% advance along with payment for 2,000 MT. Remaining payment is to paid within validity of the price circular.
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