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India aims to reduce its dependence on imports of met coal

Source: Steelmint Jan 16, 2024 08:30
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Met Coke Global Import/Export
Metallurgical coal demand for steelmaking exhibited a robust increase of 6% y-o-y, reaching 75 million tonnes (mnt) in CY'23 compared to 71 mnt in CY'22. Projections indicate a further surge in met coal demand to 82 mnt by CY'25.
  In terms of consumption, metallurgical coal utilization in steelmaking witnessed a notable 7% y-o-y growth, totalling 76 mnt in CY'23. Given that India's dependence on imports is over 90%, increase in imports last year may appear to have been marginal.   Coal import scenario   India's imports of metallurgical coal in CY'23 stood

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