Page 3 - Coking Coal

India will ensure steady coking coal cargoes to allay supply concerns

India will take steps to ensure a steady supply of coking coal for domestic steel companies, which are struggling with cargo disruptions and rocketing prices in wake of Russia's invasion of Ukraine

Here's why govt may link price of coking coal to imported dry fuel

About 50 million tonnes (MT) coking coal is imported by the country on an annual basis and the value of coking coal imported in 2020-21 was Rs 45,435 crore

Steel firms hike prices by up to Rs 3,500 a tonne on input cost pressure

Analysts say coking coal prices more than tripled in the past five months to $390-400 a tonne in October

CIL arm Bharat Coking Coal enters CBM extraction with Rs 1,800-cr project

Signs joint venture with Ahmedabad-based Prabha Energy Pvt Ltd for the Jharia Block-1 in Jharkhand

High coking coal prices to impact gross margins of steel mills, says Ind-Ra

India's coking coal imports at 5.76 MT in July 2021 were 65 per cent MoM and 114 per cent YoY higher

Dependence on imports in the steel sector is worrisome: R C P Singh

Newly appointed Steel Minister says the announcement of the Rs 6,322-cr PLI scheme for specialty steel is another step towards 'Atmanirbhar Bharat'

S&P Global Ratings revises Tata Steel outlook to stable on earnings rebound

Company's leverage remains high, limiting further rating upside from current 'B+'

Tata Steel tests coking coal samples from Russia for producing steel: CEO

Coking coal is a key raw material used for making steel using the blast furnace route, besides iron ore

Thermal, coking coal imports in 12 ports dip 25% to 55 MT in Apr-Sep: IPA

Coal volumes at the 12 major ports declined for the sixth straight month in September 2020, as per the Indian Ports Association (IPA)

SAIL exploring new markets to source coking coal: Chairman Anil Chaudhary

State-run steel maker SAIL is exploring new markets for the sourcing of coking coal with a view to reducing dependence on select countries for the raw material, its chairman Anil Kumar Chaudhary said

Thermal, coking coal imports dip 28% to 46 mn tonnes in Apr-Aug: IPA

Thermal coal imports dropped 25.42 per cent to 28.93 MT and coking coal shipments fell 31.87 per cent to 16.84 MT during this period

Thermal, coking coal imports at major ports dip 31% to 37 MT in Apr-Jul

Hit by disruptions caused by the Covid-19 pandemic, both thermal and coking coal imports at India's 12 major ports dropped 31 per cent to 36.7 million tonnes (MT) in April-July 2020

Thermal coal imports at major ports drop 35% to 17.71 MT in Apr-June: IPA

Impacted by the Covid-19 pandemic, coking coal imports too witnessed a decline of 28.49 per cent to 10.69 MT in the quarter

Install washeries at all coal mines to provide affordable fuel, says JSPL

Washing coal increases the efficiency and quality of the dry fuel.

Weak demand, oversupply, price drop to hit steel sector in Q2 FY21: Ind-Ra

Both HRC and rebar prices were down 3 per cent and 4 per cent month-on-month respectively in mid-June

Coal import declines 14% to 17 MT in Feb in wake of coronavirus outbreak

India had imported 213.63 MT of coal in the year-ago period, according to the report by mjunction services

Budget 2020: Steel sector seeks relief in customs duty on key raw materials

Industry body said exemption available to coking coal was also removed by the government in 2014-15 Budget by bringing it at par with other types of coal and imposing 2.5 per cent basic customs duty

Budget 2020 wishlist: Steel firms want zero duty on pet coke, coking coal

As per the existing duty structure, both coking coal and anthracite coal attract 2.5% import duty

Opening up mining

Removal of end-use restrictions is a major step forward

Steel output to dip as coking coal imports fall by 14.52% to 3.61 MT

Coking coal imports in November declined by 14.52 per cent to 3.61 million tonnes (MT), against 4.22 MT in the same month last fiscal, Iman Resources said