Neelachal Ispat Nigam Limited (NINL) has announced its latest revision in LAM coke price.
Accordingly, the ex-works price has been hiked by INR 500/MT to INR 4,500/MT, which is applicable for quantities of 2,000 MT, and against full payment in advance.
Examining the prevailing market environment, the price hike could be attributed to the twin effects of rising Coking coal prices in international markets, and gradual strengthening of demand in India.
Prior to the NINL price hike, some producers in the eastern as well as western regions of India have raised their ex-works prices due to the reasons.
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