Despite efforts to cut down imports of coking coal, India will have to “heavily depend” on imported coking coal for its plan to produce 300 million tonnes of crude steel by 2030-31, experts said on Tuesday.
Coking coal and coke futures in China fell more than 3 percent on Thursday, pressured by slow seasonal demand for steel in the world’s top consumer, with fellow raw material iron ore also weaker.
Zimbabwe has invited Indian investments into areas such as minerals, coking coal, gold and iron to give a boost to economic ties between the two countries, industry chamber PHDCCI said today.
Domestic steel major SAIL today saw its standalone net loss widen to Rs 801.38 crore for the June quarter due to higher coalprices and expenses.
State-owned CIL will offer coking coal through auction route to other consumers only after it meets long-term supply commitments of the dry fuel to PSUs, including SAIL.
In its move to secure steady coking coal supply for the steel sector which is stressed with price volatility, world’s largest coal company, Coal India
S Bhattacharya, CMD, Coal India on Friday said that coking coal requirements are still not being met by India. Speaking with ET Now he said,
Coal India Ltd, the world’s top coal miner, plans to acquire coking coal assets abroad as India lacks technology to economically develop local reserves, Coal Minister Piyush Goyal said.
Coal India Ltd, the world’s top coal miner, plans to acquire coking coal assets abroad as India lacks technology to economically develop local reserves
The Centre is all set to initiate commercial mining of coal from the next fiscal and four dry fuel mines will be sold at an auction in the first phase