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
Rest of World ~1200 MMT combined
📈 Insights for India & Steel Industry
India’s Steady Growth
India's coal production touched 1,020 MMT in 2024 — a 27.5% growth since 2020. This indicates robust demand from the steel, power, and infrastructure sectors.
Asia Dominates Supply
Asia Pacific, driven by China and India, continues to account for over 70% of global coal output — reinforcing Asia’s dominance in heavy manufacturing and steel-based economies.
Shift Toward Renewables Slows Demand
Despite high production, global demand growth slowed due to aggressive renewable investments in developed nations. This could impact export competitiveness and raw material procurement for Indian steel players relying on imported thermal coal.
Steel producers should begin exploring green alternatives (like EAF and hydrogen-based steelmaking).
Investors are advised to watch coal price volatility and its ripple effect on steel cost structures.
Also Read : China’s Iron Ore Imports Drop 8.4% Y/Y in Jan-Feb: Market Impact & Outlook India's exports surge 3.1% in January despite global challenges
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