Major Indian steel company Vedanta Limited has floated an export auction for 25,000 mt of blast furnace (BF) coke (25-90 mm) with laycan in February and shipment either from Mormugao Port or Kandla Port. The deadline for bids is January 9, with validation by January 11.
Meanwhile, in the domestic market Indian producers of BF coke (64% CSR, 25-90 mm) in the western regions have succeeded in increasing their tradable prices to INR 36,500/mt ($441/mt) ex-works compared to INR 36,000/mt ($435/mt) ex-works levels in late December. Official offers, in their turn, are said to be at much higher levels.
In the import segment, Indian steelmakers have been receiving offers at $415-420/mt CFR this week. As SteelOrbis reported earlier, in late December a major Indian steel mill booked 60,000 mt of low-ash metallurgical (LAM) coke, rumoured to be of Polish origin, at $390-398/mt CFR.