India boosts coking coal imports from Russia
COAL & MINING

India boosts coking coal imports from Russia

India is planning to increase its imports of coking coal, a crucial component in steel manufacturing, from Russia. This decision comes in response to a decline in shipments from Australia, which is the primary supplier, and the challenges faced by steel mills dealing with escalating prices.

The steel mills in India, the second-largest producer of crude steel globally, have been grappling with inconsistent supplies of coking coal from Australia. Typically, Australia contributes more than half of India's annual imports of approximately 70 million tonnes. The situation worsened last month when prices for Australian coking coal surged by 50%, exceeding $ 350 per metric tonne. This spike was attributed to factors such as maintenance outages, reduced supplies from Queensland, and a sluggish train network.

In response to the concerns raised by India, Australia reassured the country of a consistent supply of the commodity earlier this month. However, India is actively seeking alternatives to reduce its dependence on Australia and diversify its import sources.

In the preceding year, India's steel mills attempted to increase their coking coal imports from Russia. Unfortunately, the stringent economic sanctions imposed on Moscow due to the conflict in Ukraine adversely impacted the supply of Russian coking coal to Indian mills.

Despite these challenges, there has been progress in smoothening payment mechanisms between Indian buyers and Russian suppliers. As a result, India's steel mills are expected to boost their coking coal supplies from Russia.

Russian coking coal shipments are currently more cost-effective than those from Australia. Furthermore, some Russian suppliers are willing to offer discounts on their prices.

India is planning to increase its imports of coking coal, a crucial component in steel manufacturing, from Russia. This decision comes in response to a decline in shipments from Australia, which is the primary supplier, and the challenges faced by steel mills dealing with escalating prices. The steel mills in India, the second-largest producer of crude steel globally, have been grappling with inconsistent supplies of coking coal from Australia. Typically, Australia contributes more than half of India's annual imports of approximately 70 million tonnes. The situation worsened last month when prices for Australian coking coal surged by 50%, exceeding $ 350 per metric tonne. This spike was attributed to factors such as maintenance outages, reduced supplies from Queensland, and a sluggish train network. In response to the concerns raised by India, Australia reassured the country of a consistent supply of the commodity earlier this month. However, India is actively seeking alternatives to reduce its dependence on Australia and diversify its import sources. In the preceding year, India's steel mills attempted to increase their coking coal imports from Russia. Unfortunately, the stringent economic sanctions imposed on Moscow due to the conflict in Ukraine adversely impacted the supply of Russian coking coal to Indian mills. Despite these challenges, there has been progress in smoothening payment mechanisms between Indian buyers and Russian suppliers. As a result, India's steel mills are expected to boost their coking coal supplies from Russia. Russian coking coal shipments are currently more cost-effective than those from Australia. Furthermore, some Russian suppliers are willing to offer discounts on their prices.

Next Story
Infrastructure Urban

Aadhaar Authentications Cross 27 Billion in FY25

Aadhaar authentication transactions surged past 27.07 billion in FY 2024–25, including 2.47 billion in March alone, reflecting its growing adoption across sectors such as banking, finance, telecom, and public service delivery. Since its inception, the cumulative number of Aadhaar authentication transactions has exceeded 148 billion.The Unique Identification Authority of India’s (UIDAI) AI/ML-based face authentication technology is also witnessing a sharp rise in usage. In March 2025 alone, over 150 million face authentication transactions were recorded. This biometric modality is now used ..

Next Story
Infrastructure Urban

IEPFA Holds Preparatory Meet for 'Niveshak Shivir' Initiative

The Investor Education and Protection Fund Authority (IEPFA), under the Ministry of Corporate Affairs, Government of India, hosted a preparatory meeting on April 28, 2025, with Nodal Officers from stakeholder companies via video conference. The session, chaired by IEPFA CEO Smt. Anita Shah Akella, focused on finalising operational plans for the upcoming ""Niveshak Shivir"" initiative—a joint effort between IEPFA and the Securities and Exchange Board of India (SEBI).""Niveshak Shivir"" aims to improve investor services and streamline the claims process by reaching out to cities with a high nu..

Next Story
Infrastructure Urban

India, France Sign Deal for 26 Rafale-Marine Jets for Navy

India and France have signed an Inter-Governmental Agreement (IGA) for the acquisition of 26 Rafale-Marine aircraft for the Indian Navy, comprising 22 single-seater and four twin-seater jets. The deal also includes training systems, simulators, associated equipment, weapons, and performance-based logistics, along with additional equipment for the Indian Air Force’s existing Rafale fleet.The IGA was signed by India’s Defence Minister Rajnath Singh and French Minister of Armed Forces Sébastien Lecornu. The agreement, along with supply protocols for aircraft and weapons, was exchanged in the..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?