India’s Tata Steel is reported to have floated a tender for the procurement of 45,000 mt of blast furnace (BF) coke. The deadline is for tomorrow, September 15, though a few market insiders believe that the company may extend the duration of the tender in order to receive as many offers as possible and choose the most attractive.
Meanwhile, official quotations of BF coke (64% CSR, 25-90 mm) in the local market are still at INR 44,000/mt ($554/mt) ex-works, while the tradable levels have been heard at INR 40,000/mt ($503/mt) ex-works.
$1 = INR 79.46