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Recent coking coal price rise puts pressure on SAIL's ops

Recent coking coal price rise puts pressure on SAIL's ops

India's largest steel maker SAIL today said there is a need to develop indigenous sources of coking coal to meet its requirements as recent rise in the price of metallurgical coal was putting pressure on its operations.

SAIL's coking coal imports to touch 35 mn tonne by 2025

State-run steel maker SAIL's coking coal imports will touch 35 million tonnes by 2025 when the targetted production capacity is projected to touch 50 million tonnes, a company official said.

Steel players may benefit from low coking coal prices: Icra

The domestic steel players producing steel through the blast furnace route stand to benefit from the continuing weakness in the international coking coal prices, but iron ore continues to play spoilsport for the Indian steel industry, rating agency ICRA has said.

Major ports saw 22% jump in thermal coal cargo in 2013-14

Amid widening demand-supply gap and increased requirement of dry-fuel, the country's major ports saw 22 percent jump in imported thermal coal cargo at 71.60 million tonnes (MT) in 2013.

SAIL to pay $148/t to Australian coking coal suppliers in Q3

Steel Authority of India (SAIL) has agreed to pay its Australian coking coal suppliers USD 148 for a tonne for October-December quarter, a USD 6/tonne higher than the contracted price for the previous quarter.

SAIL, RINL contract coking coal cheaper by up to Rs 370/tonne

State-run steel makers SAIL and RINL will get coking coal cheaper by up to USD 7 (around Rs 370) per tonne from Australian suppliers in the current quarter, a source in the Steel Ministry said.