Maharashtra clears 937 hectares for Gadchiroli steel expansion Steel stock surges 29% in just two days Steel output rises 14% to 9.25 MT Infrastructure boom fuels India’s steel consumption
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 : India Shifts Focus to Middle East Amid EU Carbon Tax Israel's Tower Semiconductor proposes $8 billion chip plant in India
Vedanta is looking for buyers for 2.8 Mn cubic meters of natural gas per day from its Barmer block i...
Large Corporate 31-Jan-2024
Funding via venture capital route into India's energy storage industry has registered a 59% growth w...
Energy 07-Feb-2024
According to the China Iron and Steel Association (CISA), the average daily crude steel output of la...
China 24-May-2024
The country's largest commercial 25 MW clean hydrogen project is being set up in Karnataka for JSW S...
Renewables 11-Jun-2024
The German government has approved plans to provide subsidies for gas power plants capable of transi...
Europe 05-Feb-2024
Aluminium prices experienced some significant fluctuations last week. At first, the Multi Commodity...
Non-Ferrous 27-May-2024