Govt Enforces ‘Melt and Pour’ Rule for All Steel in Public Projects Nippon Steel expected to finalize U.S. Steel acquisition at $55 per share NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
India’s coking coal imports are expected to rise due to expanding steel capacity.
Steel Secretary highlights need for diversified, reliable coal supply sources.
The government and industry are actively pursuing international supply strategies.
India’s steel sector is bracing for a significant increase in coking coal imports, according to a statement from Steel Secretary Nagendra Nath Sinha. Speaking at an industry event, Sinha emphasized that with the country's steel production capacity expanding steadily, the demand for coking coal — a critical raw material in steelmaking — is poised to surge in the coming years.
India currently imports a large portion of its coking coal needs, primarily from Australia, the United States, and Russia. As domestic coal reserves suitable for coking purposes remain limited, reliance on imports has become inevitable to meet the growing requirements of steel plants.
Sinha pointed out that with India targeting 300 million tonnes of annual steel production capacity by 2030 under the National Steel Policy, the necessity for a consistent and diversified supply of coking coal has become more urgent. The government is exploring options to secure long-term import contracts and develop new international sourcing avenues to reduce dependency on a limited number of countries.
Industry players, including major steelmakers like JSW Steel, Tata Steel, and SAIL, are also working to strengthen their raw material security through strategic partnerships and overseas asset acquisitions.
Also Read : Govt approves EV policy to promote India as manufacturing destination for EVs Minister finalises funding mechanism for battery energy storage system projects