Page 2 - Coking Coal

CIL coking coal production sees quantum leap of 8MT, rises by 17% in FY23

The production of coking coal by Coal India Ltd (CIL) rose by 17.2 per cent year-on-year (y-o-y) to 54.6 million tonnes (MT) in 2022-23. The state-owned miner had produced 46.6 MT coking coal during the preceding 2021-22 fiscal, it said in a statement. "The quantum leap was a whopping 8 MT. This assumes significance at a time when the Ministry of Coal has asked CIL to elevate the output of this category of coal to 105 MT by 2030 in a bid to reduce its imports and forex outgo," it said Subsidiary companies Bharat Coking Coal Ltd (BCCL) and Central Coal Fields (CCL) together accounted for almost the entire output of 54.3 MT in 2022-23. While BCCL produced nearly 33.7 MT during FY23, CCL contributed 20.6 MT. Coking coal is an important feedstock in steel making. In India, its mineable reserves are scarce and also its quality inadequacy for direct use in steel making necessitates washing. During FY23 coking coal imports were to the tune of 56 MT, down by 1.1 MT compared to 57.1 MT in

Coal India boosts coking coal output, production up 17% to 54.6 MT

Coal India Ltd, the world's largest coal miner, on Thursday reported a 17.2 per cent rise in production of coking coal, helping cut on imports of the fuel that is an essential input for production of iron and steel. In a statement, Coal India said coking coal production has risen to 54.6 million tonnes in 2022-23, up 17.2 per cent year-on-year growth compared to 46.6 million tonnes in FY'22 (April 2021 to March 2022). "The quantum leap in the year was a whopping 8 million tonnes," it said, adding the output was 107.3 per cent of the target. This assumes significance at a time when the Ministry of Coal has asked the company to raise the output of this category of coal to 105 million tonnes by 2030 in a bid to reduce its imports and forex outgo. BCCL and CCL, the two Jharkhand-based subsidiaries of CIL, are major producers of coking coal and together accounted for almost the entire output of 54.3 million tonnes in 2022-23. "BCCL alone produced nearly 62 per cent or 33.7 million tonn

Coking coal, iron ore may not be viable for steel making in future: Scindia

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

Collaborate with institutions to find an alternative of coking coal: Goyal

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

Aftermath of Russia-Ukraine war dims the sheen on steel industry

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

Coal crisis hits SAIL's Bhilai steel plant output in Chhattisgarh

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

Govt working to increase domestic coking coal output: Steel secretary

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 ..

Rashtriya Ispat Nigam floats global tender for coking coal and PCI supply

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

Centre waives import duty on some raw materials for steel industry

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'

Russia and India in talks to restart coking coal supplies: Report

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 inclined to continue importing coking coal from Russia: Steel min

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

India will ensure steady coking coal cargoes to allay supply concerns

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

Here's why govt may link price of coking coal to imported dry fuel

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

Steel firms hike prices by up to Rs 3,500 a tonne on input cost pressure

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

CIL arm Bharat Coking Coal enters CBM extraction with Rs 1,800-cr project

Signs joint venture with Ahmedabad-based Prabha Energy Pvt Ltd for the Jharia Block-1 in Jharkhand

High coking coal prices to impact gross margins of steel mills, says Ind-Ra

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

Dependence on imports in the steel sector is worrisome: R C P Singh

Newly appointed Steel Minister says the announcement of the Rs 6,322-cr PLI scheme for specialty steel is another step towards 'Atmanirbhar Bharat'

S&P Global Ratings revises Tata Steel outlook to stable on earnings rebound

Company's leverage remains high, limiting further rating upside from current 'B+'

Tata Steel tests coking coal samples from Russia for producing steel: CEO

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

Thermal, coking coal imports in 12 ports dip 25% to 55 MT in Apr-Sep: IPA

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