India–US Trade Tensions Rise Over Steel and Auto Tariffs NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
India’s steel industry is preparing for a rise in coking coal imports as capacity additions and infrastructure demand lift hot-metal output. With limited domestic availability, imports are expected to grow in the run-up to the 300 MT crude steel ambition for 2030.
Analysts estimate coking coal demand could reach ~135 MT by 2030, up from roughly 87 MT in FY25. Despite efforts to expand beneficiation and improve raw coal supplies, India still imports about 85% of its coking coal, keeping the focus on long-term contracts, source diversification and overseas asset tie-ups.
Port trends indicate steady reliance on seaborne supply: April–September FY26 inflows rose ~3% year on year, and September arrivals were marginally higher than August. Policymakers and state-run firms are engaging suppliers to mitigate price spikes and logistics risks through hedging, rail–port upgrades and improved blending strategies.
Producers say seaborne coking coal will remain central to BF–BOF ironmaking, even as mills raise scrap usage, expand PCI adoption, and pursue low-carbon routes (DRI/EAF and hydrogen-ready pilots) over the longer term. The near-term priority is securing reliable feedstock to support commissioning schedules and keep pace with sustained domestic steel demand.
Also Read : Vedanta Group seeks $6 bn in EBITDA in FY25 Tata Group and Airbus to jointly produce civil helicopters in India
MOIL lowers all grades of manganese ore prices for June.Price&nbs...
Business 03-Jun-2025
Vibhor Steel Tubes Commissions ₹120 Crore Steel Plant in OdishaVibhor Steel Tubes Ltd (VSTL) has ina...
Construction 16-Jul-2025
China will introduce an export licensing system for certain steel products starting January 1, 2026,...
China 18-Dec-2025
Tata Steel to set up a waste heat recovery system at its ferroalloy plant.Project wil...
Business 05-Jun-2025
The Odisha group of Mines (OGOM), operating under the Rourkela Steel Plant (RSP) of the state-run st...
Mid Corporate 28-Jun-2024
Tosyali Algerie, a prominent steel producer in Algeria, has recently inaugurated its second Direct R...
Africa 21-Feb-2024