Coking Coal

The government will offer 27 coal blocks across various states as it launches the fresh round of commercial mine auction on Thursday. Union Minister of coal and mines G Kishan Reddy will launch the 11th round of commercial coal mine auctions on December 5, an official statement said. The forthcoming auction offers 27 coal blocks distributed across various states and regions, designed to promote regional economic growth, and create employment opportunities. "In this round, 20 coal mines will be offered for bidding, comprising 10 fully explored and 10 partially explored blocks. "Additionally, seven coal mines from the second attempt of round 10 will also be on offer, including four fully explored and three partially explored blocks," the coal ministry said. All these are non-coking coal blocks which are expected to generate annual revenue of approximately Rs 1,446 crore at peak-rated capacity and create around 19,063 employment opportunities.

JSW Steel plans to purchase 2,500 metric tons, while SAIL aims to secure 75,000 metric tons of coking coal from Mongolian

India's coal import rose by 7.8 per cent to 140.60 million tonne (MT) in the April-September period of the ongoing financial year. The country's coal import was 130.34 MT in the year-ago period, according to data compiled by B2B e-commerce company mjunction services ltd. Overall, coal import demand is likely to remain modest due to the healthy stock position and high volumes being offered through spot e-auctions in the domestic market, mjunction MD and CEO Vinaya Varma said. Coal import in September dropped by 10.09 per cent to 19.42 MT from 21.60 MT in the corresponding month of previous fiscal. Of the total imports in September, non-coking coal volume was 13.24 MT, against 14.88 MT in the year-ago month. Coking coal import stood at 3.39 MT, against 4.59 MT a year ago. During the April-September period, non-coking coal import was at 91.92 MT, higher than 83.45 MT imported during the same period last year. Coking coal import was at 28.18 MT as against 29.44 MT. "There was a slig

Mills in India, the world's second-biggest producer of crude steel, grappled with volatile Australian supplies of coking coal last year, and the government sent delegations to Mongolia

Domestic steel spread is at Rs 24,330 per tonne ( the lowest since March 2024) and the price of hot rolled coil (HRC) is at Rs 51,370 per tonne (the lowest since December 2020), said Dixit

Some steelmakers believe they will cease to get a discount under their long-term deals if they negotiate through a consortium, reports stated

Bharat Coking Coal Limited (BCCL), a subsidiary of Coal India Limited (CIL), paid its first-ever dividend of Rs 44.43 crore to its parent company on Sunday. This milestone follows BCCL's achievement of clearing its accumulated losses and reporting a net profit of Rs 1,564 crore for the financial year 2023-24, with a turnover of Rs 13,216 crore. BCCL chairman-cum-managing director Samiran Dutta formally handed over the dividend to CIL chairman P M Prasad at a ceremony. The dividend payment was approved by BCCL shareholders at its 53rd Annual General Meeting on August 1. Dutta attributed the company's strong financial performance and strategic progress to a consistent growth rate of 15 per cent over recent years.

The supplies would come to India via Chinese ports, but Indian authorities do not think New Delhi should entirely rely on China for steady supplies of coking coal from Mongolia, the sources said

Indian steel companies consume around 70 million metric tons of coking coal annually, and imports constitute around 85% of the country's total requirement

Russian coking coal cargoes are already cheaper than Australian supplies, and some Russian suppliers are willing to lower their prices, said sources

Australia accounts for over half of India's coking coal imports of around 70 million metric tons a year

Australia accounts for over half of India's coking coal imports of around 70 million metric tons a year

India's coal import increased by 4.3 per cent to 20.61 million tonnes (MT) in September compared to that of the corresponding month of previous fiscal. The country had imported 19.75 MT of coal in September last fiscal, according to data compiled by B2B e-commerce firm mjunction services limited. Of the total imports in September, non-coking coal imports stood at 13.89 MT, against 12.08 MT imported in September last financial year. Coking coal imports dropped to 4.59 MT from 4.88 MT imported in September FY23. However, the coal import in the April-September period of the current financial year declined to 124.53 MT from 135.68 MT in the year-ago period. During April-September period of FY24, non-coking coal import was at 77.65 MT, lower than 92.72 MT imported during the same period last financial year. Coking coal import was at 29.44 MT during April-September 2023-24, up against 28.05 MT recorded in the corresponding period last financial year. Commenting on the coal import tren

India will continue to remain the top importing nation for coking coal in the near future, industry body ISA said noting that the rising prices are affecting the domestic steel industry the most. Coking coal is a key raw material that is used to manufacture steel through the blast furnace route. The Indian steel industry is finding ways and means to explore sustainable pathways for coking coal usage by way of using various technologies. However, it is a long journey, Indian Steel Association (ISA) President Dilip Oommen said on Monday. "India in the near future will remain the largest coking coal export destination, one due to a significant increase in domestic steel demand and the other as China will depend more on its own resources," he said, addressing the ISA Coking Coal Summit in the national capital. India will continue to remain the top importer of coking coal as most of the Indian steel players have already planned new capacities in the BF-BOF route, Oommen said, adding tha

Australia accounts for more than half of India's coking coal imports of around 70 million metric tonnes a year. India also imports coking coal from Russia and the United States

India will continue to remain the largest coking coal export destination in the near future, industry body ISA said noting that the rise in prices is affecting the domestic steel industry the most. Coking coal is a key raw material that is used to manufacture steel through the blast furnace route. The Indian steel industry is finding ways and means to explore sustainable pathways for coking coal usage by way of using various technologies. However, it is a long journey, Indian Steel Association (ISA) President Dilip Oommen said on Monday. "India in the near future will remain the largest coking coal export destination, one due to a significant increase in domestic steel demand and the other as China will depend more on its own resources," he said, addressing the ISA Coking Coal Summit in the national capital. Indian steel players have already planned new capacities in the BF-BOF route, Oommen said, adding that in India, BF-BoF (blast furnace) accounts for 46 per cent of the producti

Steel mills are likely to raise rates by $25 to $50 a metric ton by December, said the officials, who did not wish to be named as they are not authorised to speak to media

SAIL said it was working on doubling coking coal production capacity in International Coal Ventures Private Limited (ICVL) at Mozambique

Steel prices in India are registering an upward trend due to "rapidly" increasing rates of key input material coking coal, industry executive Bimlendra Jha said. Coking coal and iron ore are the two main raw materials used to manufacture steel. While iron ore is available in substantial quantity in India, steel players are bound to meet 90 per cent of their coking coal requirement through imports from countries like Australia and South Africa. "Coking coal prices have increased rapidly (which are) currently trading at USD 341 per tonne CFR (cost and freight) India, from USD 230 a tonne in June-July 2023," Jha, Managing Director of Jindal Steel and Power (JSP), told PTI. The steel industry is facing an upward movement in prices because there has been a dramatic shift in coking coal prices, so the industry has no option but to pass on the cost to consumers, he said in reply to a question on increasing rates of steel in India. As per markets research firm SteelMint India, the cost of

Target is to have 25% linkages in the next few yrs: Acharya