India cancels state-run coking coal consortium import plan due to varying mill requirements.

India has cancelled plans for a state-run companies' consortium to import coking coal due to differing grades needed by mills. India, the world's second-largest crude steel producer, imports 85% of its 70M metric tons annual coking coal consumption. The federal Ministry of Steel urges mills to increase spot market purchases, diversify import sources, and boost purchases from countries like Russia to reduce dependence on Australia.

August 06, 2024
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