Coke prices in India to go up by INR 5000 a tonne

It is reported that prices of metallurgical coke a vital raw material in steel making, may rise up to INR 5,000 a tonne by December on increasing demand.

Mr Arun Jagatramka vice chairman and managing director of Gujarat NRE Coke said that "With the rising demand, metallurgical coke prices are expected to go up to INR 25,000 to INR 26,000 a tonne by December from the current level of INR 21,000 a tonne.”

Gujarat NRE Coke the country's largest independent producer of metallurgical coke which is processed from coking coal, is in the process to expand its capacity to produce the metallurgical coke to feed the rising demand.

At present, the company is installing 1 million tonne plant in Andhra Pradesh for an estimated sum of INR 800 crore.

Mr Jagatramka said that "We are slated to start the construction of the Andhra unit in next six months.”

(Sourced from ET)