‘Canadian Coking Coal Imports By India Likely To Increase In Future’
Canada annually exports about 30 million tonne of coking coal out of which Indian steel companies purchase around 3 million tonne
Photo Credit : Reuters,
Imports of Canadian coking coal by India are projected to increase in the future keeping pace with the increase in steelmaking capacity in India, said Union Steel Minister Birender Singh.
He made this announcement during his visit to Canada earlier this month.
The issues discussed included the growth of steel industry in India and the strategic importance of Canadian coking coal for the Indian steelmakers, collaborations in the area of environmental friendly mining, coal beneficiation and research and development.
As per the production targets in National Steel Policy 2017, the coking coal requirement is projected to increase from the current level of around 60 million tons per annum to 160 million tons per annum.
Although various measures are being taken to increase the supply of indigenous coking coal, India’s dependence on imported coking coal would continue.
In such a scenario, multiple options for sourcing coking coal imports would lead to cost advantage and choice.
Canada annually exports about 30 million tonne of coking coal out of which Indian steel companies purchase around 3 million tonne, informed steel ministry in an official statement released on Wednesday (19 July).
Singh also expressed keen interest in setting up an institute, on the lines of Canadian Institute of Steel Construction (CISC), in India also.
The CISC promotes dialogue, collaboration and commerce between industry stakeholders – advancing the benefits of steel to the consulting community, builders and buyers, academia and government.
The CISC represents a diverse community of steel manufacturers, fabricators and constructors, engineers and architects, owners and developers, and educators and students, offering a wide span of products and services to enhance capabilities and grow businesses.
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