MMTC on behalf of Neelachal Ispat Nigam Limited (NINL), a joint venture between MMTC and Odisha government has offered about 6,000 MT LAM coke for sale.
Today, MMTC floated a price circular regarding sale of LAM coke produced by NINL on first cum first serve basis. The material will be provided ex-NINL and quantity offered will be in the range of 0-6000 MT. The price offered is INR 13400/MT, ex-NINL. The price circular will be valid up to 14 Aug’15.
In July’15, the company offered 8,590 MT LAM Coke at INR 13,000/MT ex-NINL. Currently, offers are up by INR 400/MT. Probably, stable Chinese steel prices which have lead to increase in demand of coking coal, coupled with lesser shipments in coming month, can be considered as significant reason for strengthening of LAM coke offers . Presently Chinese Met coke is being offered at USD 153/MT CFR China.
Material Description
| S.No | Details | Norms |
| 1 | Type | LAM Coke |
| 2 | Size | 20 – 80 mm |
| 3 | Qty in MT | 0-6000 |
| 4 | Total Moisture | Up to 3% |
| 5 | Ash content | Up to 12.5% |
Coking Coal & Met Coke Imports in India
| Grade | Apr’15 | May’15 | June’15 | July’15 |
| Coking coal | 3.3 | 4.2 | 4.3 | 3.4 |
| Met-coke | 0.3 | 0.2 | 0.3 | 0.3 |
Qty in MnT
July imports till latest updates
Source- SteelMint Research
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