Page 3 - Coking Coal

SAIL exploring new markets to source coking coal: Chairman Anil Chaudhary

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, coking coal imports dip 28% to 46 mn tonnes in Apr-Aug: IPA

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

Thermal, coking coal imports at major ports dip 31% to 37 MT in Apr-Jul

Hit by disruptions caused by the Covid-19 pandemic, both thermal and coking coal imports at India's 12 major ports dropped 31 per cent to 36.7 million tonnes (MT) in April-July 2020

Thermal coal imports at major ports drop 35% to 17.71 MT in Apr-June: IPA

Impacted by the Covid-19 pandemic, coking coal imports too witnessed a decline of 28.49 per cent to 10.69 MT in the quarter

Install washeries at all coal mines to provide affordable fuel, says JSPL

Washing coal increases the efficiency and quality of the dry fuel.

Weak demand, oversupply, price drop to hit steel sector in Q2 FY21: Ind-Ra

Both HRC and rebar prices were down 3 per cent and 4 per cent month-on-month respectively in mid-June

Coal import declines 14% to 17 MT in Feb in wake of coronavirus outbreak

India had imported 213.63 MT of coal in the year-ago period, according to the report by mjunction services

Budget 2020: Steel sector seeks relief in customs duty on key raw materials

Industry body said exemption available to coking coal was also removed by the government in 2014-15 Budget by bringing it at par with other types of coal and imposing 2.5 per cent basic customs duty

Budget 2020 wishlist: Steel firms want zero duty on pet coke, coking coal

As per the existing duty structure, both coking coal and anthracite coal attract 2.5% import duty

Opening up mining

Removal of end-use restrictions is a major step forward

Steel output to dip as coking coal imports fall by 14.52% to 3.61 MT

Coking coal imports in November declined by 14.52 per cent to 3.61 million tonnes (MT), against 4.22 MT in the same month last fiscal, Iman Resources said

India rethinks its coal future, plans to reduce import dependence by 2031

Overdependence on Australia for coking coal for its steel plants makes it vulnerable to supply chain disruptions and diminishes its capacity to negotiate on prices

Centre prioritises coking coal contracts over foreign mine purchases

Company may at best consider picking up stakes in coking coal companies instead of going for an outright purchase

India buying more US coking coal after disruptions in Australian supply

NUSA DUA, Indonesia (Reuters) - India is buying more U.S. coking coal after disruptions in top supplier Australia, and as U.S. miners seek new markets due to declining demand from America's steel industry, an executive at Xcoal Energy & Resources India said on Monday.

India to become largest coking coal importer by 2022: Tata Steel official

Former Coal India chairman N C Jha also said India to remain heavily dependent on imported coking coal

Steel ministry keen to be on board for iron ore, coking coal issues

The steel secretary agreed that iron ore prices have appreciated but it was due to some mines turning inoperative

Coking coal prices to stabilise at $140-150 per tonne

In 2016, international coking coal prices were at a peak of $308 a tonne

Volatile coking coal prices to keep steel firms' margins down

Coking coal is an important raw material used in steel production