Coking Coal

Union minister Jyotiraditya Scindia on Tuesday urged the domestic steel industry to adopt low-carbon emitting steel-making processes, while cautioning that key raw material coking coal and iron ore may not be a viable option in the future based on an ESG parameter. The comments have come at a time when India moves to double its steel-making capacity to 300 million tonnes (MT). "From the second largest producer of steel, we must also become responsible producers of steel in the world. There will come a time in the near distant future when today's raw materials be it iron ore or coking coal will no longer be a viable option not necessarily from a cost structure parameter but from an environmental, social, and governance (ESG) parameter," Scindia said at an event here. The minister said that environmental concerns could arise in future and the government and the private sector will have to work together to prepare for that "eventuality today". "The industry can look for options like t

The availability of coking coal is a major challenge for the domestic steel sector and the industry should collaborate with eminent institutions like IITs to undertake research to find alternate solutions, Commerce and Industry Minister Piyush Goyal said on Tuesday. The industry needs to become self-reliant on coking coal to remove India's dependency on a few countries for the key raw material for steel makers, he added. "Coking coal is a matter of concern for the industry. We can look at investments and alternatives. You can find solutions for its alternatives. I would urge the industry to research with our IITs or the Indian Institute of Science. It is the need of the hour to become self-sufficient," Goyal said here at a steel conclave. The government is preparing a 'coking coal mission' to diversify the sources of key steel-making raw material, for which the country is heavily dependent on imports. India imports around 90 per cent of its coking coal requirement. Coal with high a

But strong domestic demand and cooling raw material prices encourage manufacturers to stay the course on capex plans

A stranded ferry from the Visakhapatnam port is cited to be the reason for plunging it into a deep crisis.

The government is working to increase the domestic production of coking coal as the country aims to have a steel making capacity of 300 million tonne by 2030-31, a senior official said on Thursday. Coking coal is a key input in steel making and the country remains dependent on imports to meet 85 per cent of its coking coal needs. The government has taken an important decision by removing the duty on coking coal to zero, Steel Secretary Sanjay Kumar Singh said. "There have been issues of prices rise in this area (coking coal) but of late, they have come down quite significantly. Of course, ultimately what is going to be the full solution is that when the production of coking coal to our requirement is done within the country and Ministry of Coal is working for that," he told PTI. He was speaking on the sidelines of the 'Indian Steel Markets Conference' organised by e-marketplace mjunction. Recently, Union Minister of State for Steel Faggan Singh Kulaste said there was a need for ..

The last date to submit bids is July 27, 2022 before 10:30 a.m, the Visakhapatnam-based steel PSU said

The import duty on ferronickel, coking coal, PCI coal has been cut from 2.5%, while the duty on coke and semi-coke has been slashed from 5% to 'nil'

Imports make up around 85% of India's overall coking coal needs, which total 50-55 million tonnes a year, and New Delhi last year signed a deal to import from Russia.

India plans to double imports of Russian coking coal, a key ingredient in making steel, the minister said.

India will take steps to ensure a steady supply of coking coal for domestic steel companies, which are struggling with cargo disruptions and rocketing prices in wake of Russia's invasion of Ukraine

About 50 million tonnes (MT) coking coal is imported by the country on an annual basis and the value of coking coal imported in 2020-21 was Rs 45,435 crore

Analysts say coking coal prices more than tripled in the past five months to $390-400 a tonne in October

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India's coking coal imports at 5.76 MT in July 2021 were 65 per cent MoM and 114 per cent YoY higher

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Coking coal is a key raw material used for making steel using the blast furnace route, besides iron ore

Coal volumes at the 12 major ports declined for the sixth straight month in September 2020, as per the Indian Ports Association (IPA)

State-run steel maker SAIL is exploring new markets for the sourcing of coking coal with a view to reducing dependence on select countries for the raw material, its chairman Anil Kumar Chaudhary said

Thermal coal imports dropped 25.42 per cent to 28.93 MT and coking coal shipments fell 31.87 per cent to 16.84 MT during this period