Gadchiroli pitched as Maharashtra’s future green steel hub India set to drive next global steel demand wave Italy crude steel output rises 3.1% in May Green steel progress remains slow worldwide
Canada’s coal industry is urging the federal government to classify metallurgical coal as a critical mineral after fresh export agreements with Indian steelmakers underscored its role in global steel supply chains. The move is being pitched as a way to strengthen supply security, attract investment and support Canada’s position in steelmaking raw materials.
The push follows new memorandums of understanding involving Elk Valley Resources, a Canadian subsidiary of Glencore, and Indian steel companies including A-One Steels India, Jindal SAW, Shyam Sel & Power, and Jayaswal Neco Industries. Together, the deals cover about 1.2 million metric tons of metallurgical coal and are valued at roughly C$285 million.
Supporters say metallurgical coal remains essential for producing steel used in infrastructure, transport, energy equipment and industrial manufacturing. They argue that granting it critical mineral status could speed up permitting, encourage mining investment and help Canada remain a dependable supplier as India expands steel capacity and looks for stable long-term coking coal sources.
Also Read : Pakistan's scrap imports plummet 76% in January Japan Opens Anti-Dumping Probe Into Cold-Rolled Steel Imports
Canada is warning it will increase tariffs on U.S. steel and aluminum imports if a new trade agreeme...
USA 20-Jun-2025
Nidec Corp, Japanese electric motor maker slashed its full-year operating profit forecast by nearly...
Asia 24-Jan-2024
Russia's metallurgical coal imports have increased threefold in the last three years to around 15.1...
Energy 06-May-2024
The manufacturing Purchasing Managers' Index (PMI) rose in June 2024, fueled by strong demand and th...
Business 10-Jul-2024
The Steel Ministry has recently taken significant actions against key officials from two prominent s...
Announcement 20-Jan-2024
✅ India promotes green steel to cut carbon emissions.✅ Govt encourages hydrogen-based steel and re...
Business 22-Mar-2025