04
Jul
08:06
India targets coking coal diversification, new price reference
In a significant move to diversify its coking coal sourcing, India's Steel Ministry has identified Russia and Mongolia as key new markets.
Additionally, plans are underway to establish India's own pricing mechanism and create a coking coal index, notes Kallanish.
India, the world’s second-largest steelmaker, heavily relies on coking coal imports, with Australia supplying 70% of its needs.
In the fiscal year through March 2024, India imported a rec…
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Anonymous
Very good overview of the weekly steel market.
Anonymous