Indian HRC export market quiet on lower allocations as mills prioritise domestic sales
Indian mills have continued to put hot rolled coil (HRC) export offers on hold for Southeast Asia and the Middle East
Indian mills have continued to put hot rolled coil (HRC) export offers on hold for Southeast Asia and the Middle East
India’s imports of coking coal have increased by over 9% in FY’24 to 57.28 million tonnes
Domestic finished steel consumption grows 13% to 136 MT in FY24
By year-end, 20 coal mines likely to come into operation. These 20 coal blocks include seven blocks of state-owned Coal India and three blocks of Singareni Collieries Company Ltd (SCCL)
India’s coking coal imports increased 6% in financial year 2023-24 (FY’24) to 57.89 million tonnes
Coal India Limited (CIL) produced 773.6 million t of coal in FY24 registering 10% growth
Indian state-controlled utility NTPC aims to raise coal production from its captive blocks by around 16pc during the April 2024-March 2025 financial year
The Indian government plans to introduce a greenfield washery development policy to increase the use of domestic coking coal by private steelmakers.
Both JSW Steel Limited and Tata Steel had their highest-ever crude steel production.
India’s thermal coal imports in March 2024 rose by 4% m-o-m to 15.48 million tonnes (mnt)
The just-concluded financial year of 2023-24 proved to be a fairly good one for India’s steel industry as mills saw a 12% increase in sales
State-owned Paradip Port in Odisha has emerged as India’s largest major port in terms of cargo volumes