Nilanchal Ispat Nigam Ltd (NINL), one of the largest integrated iron and steel plant in Odisha, has increased offers for coke products formed in its coke ovens for Mar’20.
The demand for coke has seen resurgence lately, thus compelling the producers to hike their offers in order to yield adequate profit from the rising market. Apparently, after a nominal price cut witnessed in the previous revision, NINL has again raised the prevailing offers this month.
It is pertinent to note that the NINL’s offer for Low Ash Metallurgical (LAM) coke were placed reportedly higher than the same proposed for Nut coke in the earlier price revisions. However, the company has kept the same prices for both the coke products in Mar’20.
Consequently, the offers for LAM coke has been increased in the range of INR 100-1000/MT, while for Nut coke, offers have been raised in the range of INR 1300-2000/MT
NINL’s Coke Offers for Mar’20
Prices in INR/MT on Ex-Plant Basis
Exclusive of GST, Freight, other taxes
In the latest price revision, the company has introduced five quantity slabs, wherein highest price of INR 21000/MT was quoted for booking up to 3,000 MT. Bulk booking above 10,000 MT was offered at a price cut of INR 1300/MT, at INR 19700/MT.
NINL has specified that clubbing of quantity of LAM Coke and Nut Coke were not permitted, and the two coke products would be treated separately to compute the existing discount under different slabs.
Payment Terms: The buyers would have to pay 10% advance along with payment for 1,000 MT intended for booking separate coke products up to 6000 MT. For purchase above 6000 MT, they have to bear 10% along with payment for 2,000 MT.
Remaining quantity has to be paid within the validity of price circular i.e. till 8 Mar’20.
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