+
India’s coking coal imports hit six-year high
COAL & MINING

India’s coking coal imports hit six-year high

India’s coking coal imports surged to 29.6 million tonnes (mt) in the first half of FY25 (April–September), marking a six-year high. This represents a 3% year-on-year increase from 28.8 mt in the same period last year, according to market intelligence firm BigMint. The rise in imports aligns with higher steel production, which reached approximately 73 mt during this period, up 4% from the previous year, as reported by the Steel Ministry.

Russia emerged as a major supplier during this period, with shipments increasing over 200% year-on-year. Russian coking coal exports to India reached 4 mt in H1FY25, compared to 2.9 mt in H1FY24. This growth places Russia as India’s third-largest supplier after Australia and the US, with major buyers including state-run SAIL and JSW.

Australia’s share in India’s coking coal imports dropped to 54% (16 mt out of 29.6 mt), a significant decline from previous years. In H1FY22, Australia supplied 80% of India’s coking coal at 21.7 mt. This share decreased to 65% (18.7 mt) in H1FY23 and further to 62% (17.7 mt) in H1FY24. The shift reflects India’s diversification strategy, with steel mills modifying blast furnaces to accommodate Russian coal.

Meanwhile, Indian buyers maintained or slightly increased coking coal imports from Mozambique and Indonesia. However, purchases from Canada declined due to diplomatic tensions and more competitive pricing from other suppliers.

The increase in coking coal imports underscores India’s dependence on the commodity to support its expanding steel production, with Russia's discounted supplies playing a growing role in the market. (Business Line)

India’s coking coal imports surged to 29.6 million tonnes (mt) in the first half of FY25 (April–September), marking a six-year high. This represents a 3% year-on-year increase from 28.8 mt in the same period last year, according to market intelligence firm BigMint. The rise in imports aligns with higher steel production, which reached approximately 73 mt during this period, up 4% from the previous year, as reported by the Steel Ministry. Russia emerged as a major supplier during this period, with shipments increasing over 200% year-on-year. Russian coking coal exports to India reached 4 mt in H1FY25, compared to 2.9 mt in H1FY24. This growth places Russia as India’s third-largest supplier after Australia and the US, with major buyers including state-run SAIL and JSW. Australia’s share in India’s coking coal imports dropped to 54% (16 mt out of 29.6 mt), a significant decline from previous years. In H1FY22, Australia supplied 80% of India’s coking coal at 21.7 mt. This share decreased to 65% (18.7 mt) in H1FY23 and further to 62% (17.7 mt) in H1FY24. The shift reflects India’s diversification strategy, with steel mills modifying blast furnaces to accommodate Russian coal. Meanwhile, Indian buyers maintained or slightly increased coking coal imports from Mozambique and Indonesia. However, purchases from Canada declined due to diplomatic tensions and more competitive pricing from other suppliers. The increase in coking coal imports underscores India’s dependence on the commodity to support its expanding steel production, with Russia's discounted supplies playing a growing role in the market. (Business Line)

Next Story
Infrastructure Urban

ITCONS Gains on New Rs 3.5 Million Defence Contract

ITCONS E-Solutions is trading at Rs 549.00, up by Rs 12.10 or 2.25 per cent from its previous close of Rs 536.90 on the BSE. The scrip opened at Rs 549.00 and has touched an intraday high and low of Rs 549.00, with 200 shares traded so far.A BSE ‘MT’ group stock with a face value of Rs 10, ITCONS touched its 52-week high of Rs 767.00 on 25 September 2024 and a 52-week low of Rs 166.70 on 5 August 2024. Over the past week, the stock has fluctuated between Rs 560.00 and Rs 510.60. The company's current market capitalisation stands at Rs 3.3 billion.Promoters hold 58.22 per cent of the compan..

Next Story
Infrastructure Urban

Delhi Extends EV Policy Till March 2026

The Delhi government has extended its existing Electric Vehicle (EV) Policy until 31 March 2026, or until a revised version is approved. The decision was made during a Cabinet meeting chaired by Chief Minister Rekha Gupta on Tuesday.According to Transport Minister Pankaj Kumar Singh, the draft of the new policy will undergo broader public consultation before being finalised, prompting the extension to allow time for thorough stakeholder engagement.The consultation process will include inputs from citizens, environmental groups, academic institutions, industry experts, and private firms. Key fo..

Next Story
Infrastructure Urban

Ather Crosses 400 Fast Chargers in Maharashtra

Electric two-wheeler manufacturer Ather Energy announced on Thursday that it has surpassed 400 fast charging points under its Ather Grid network across Maharashtra.The company's fast charging infrastructure now spans 35 cities in the state, including key urban centres such as Mumbai, Nashik, Pune, and Nagpur."Crossing 400 fast chargers in the state is about giving riders the assurance that they'll always find a charger when they need one. As we expand our retail presence, the charging network will continue to grow in tandem to make EV ownership truly seamless," said Ravneet Singh Phokela, Chie..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?