Tag: coking coal

India’s steel mills are exploring alternatives as they diversify coking coal sourcing. Sourcing from Australia is down to 50 per cent — from 70 per cent, in the first few months of this fiscal, while India continues to explore the possibility of tapping into Mongolia for supplies.Australia is the largest supplier of coking coal to India’s mills. Met coke price (FOB-Australia) was at $314 per tonne as on Friday. According to Nagendra Nath Sinha, Union Steel Secretary, Indian mills have increased sourcing from alternate countries like the USA, Russia, Canada,...