Coking Coal

Indian steelmakers are looking for a reduction on the import duty on coking coal as it constitutes so much of their production costs.

In the Bhilai steel plant, about 90% of coking coal is imported, mainly from Australia, as India lacks good quality coking coal.

.

.

.

The Bhilai plant’s main customer is the Indian Railways, which consumes about 30-32% of their total production. Thanks to the doubling and tripling of lines, the railways’ appetite for steel continues to be robust. 

.

If the budget cuts customs duty on import of coking coal, he says, it will substantially lower input cost. In Bhilai plant, about 90% of coal is imported, mainly from Australia, as India lacks good quality coking coal.