NUSA DUA, Indonesia (Reuters) - India is buying more U.S. coking coal after disruptions in top supplier Australia, and as U.S. miners seek new markets due to declining demand from America's steel industry, an executive at Xcoal Energy & Resources India said on Monday.
Former Coal India chairman N C Jha also said India to remain heavily dependent on imported coking coal
The steel secretary agreed that iron ore prices have appreciated but it was due to some mines turning inoperative
In 2016, international coking coal prices were at a peak of $308 a tonne
Coking coal is an important raw material used in steel production