India strives to procure steady coking coal supplies from Australia

Source: Steelmint Nov 20, 2023

India seeks steady coking coal supplies from Australia in an effort to help steel mills from falling supplies and rising prices of raw products. Nagendra Nath Sinha, the senior most official at India's federal Ministry of Steel, will meet Philip Green, Australia's high commissioner to India, and the two sides are likely to discuss India's need for coking coal. Australian total coking coal exports rose by 14% m-o-m to 11.67 million tonnes (mnt) in October 2023, as per CoalMint's vessel line-up data. Exports in the month of September were recorded at 10.24 mnt.

Australia contributes for more than 50% of Indian coking coal imports at around 70 mnt per year. The weather disruptions in Australia hit coking coal supplies which led to Indian users looking for alternative sources for coking coal imports especially Russia on better import offers. India: SAIL to raise coking

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