Steel maker RINL floats global tender for coking coal, PCI supply. "Global tender notice for supply of imported coking and PCI coal. Sealed tenders are invited for supply of 3.75 lakh MT coking coal and 75,000 MT PCI with the shipping tolerance of 10 per cent as per the specifications indicated in the tender document," an RINL notification …

Coking coal, a key raw material in steelmaking, is in short supply and Russian coking coal is cheaper compared with the ones from Australia, Prakash told reporters on the sidelines of an industry conference. Australia accounts for more than half of India's coking coal imports of around 70 million metric tons a year.

India's coking coal imports in September 2023 dropped 8% m-o-m at 4.24 million tonnes (mnt), as per CoalMint data. ... Prices of Australian low-volume PCI coal rose by 12% m-o-m to $175.50/t FOB in September as against $157.24/t FOB in August. ... SAIL recorded a rise of 6% in monthly import volumes at 1.09 mnt followed by RINL at 0.54 …

Steel mills in India, the world's second-biggest crude steel producer, have struggled with patchy supplies of coking coal from Australia, which normally accounts for more than half of India's ...

Allocated under the Coal Mines (Special Provision) Act, 2015, these mines will increase coal production by more than 10 MT (million tonnes) per annum and boost the coking coal production in the country. The ministry said this is a significant step towards reducing the dependence of the steel industry on imported coal.

Picture taken January 31, 2018. India will step up imports of coking coal, a key material in steel manufacturing, from Russia, as cargoes from top supplier Australia drop and steel mills struggle with rising prices, three government sources and an industry executive said. Steel mills in India, the world's second-biggest crude steel producer ...

On prices of the coking coal being sourced from Russia, Prakash, without sharing any numbers said, "They are comparatively cheaper than those sourced from Australia and the US." ... The expansion of ICVL will help increase the supply of coking coal to SAIL and RINL. According to SteelMint India, coking coal prices have moved up by …

October 1, 2020: The price of coking coal required for PCI, the technology used for reducing steel production cost, went up from an average of $61 per tonne in FY16 to $126 in FY19 and came down ...

This stayed constant from the previous number of 709.000 INR/Ton for Aug 2023. India Coal: Representative Price: Non-Coking: Grade: G17 data is updated monthly, averaging 598.000 INR/Ton from Mar 2020 to Sep 2023, with 43 observations. The data reached an all-time high of 709.000 INR/Ton in Sep 2023 and a record low of 490.000 INR/Ton in …

India's total coal reserves have shown an increase of about 7 billion tons during 2014-16, but there has hardly been any addition to coking coal reserves and there is no increase in the prime coking coal category. The prime coking coal reserves stand at 5.313 billion tons and proved prime coking coal reserves are 4.614 billion tons.

In a statement, Coal India said coking coal production has risen to 54.6 million tonnes in 2022-23, up 17.2 per cent year-on-year growth compared to 46.6 million tonnes in FY'22 (April 2021 to March 2022). "The quantum leap in the year was a whopping 8 million tonnes," it said, adding the output was 107.3 per cent of the target.

India is set to increase coking coal imports from Russia as supplies from Australia, its top supplier, drop and steel mills grapple with rising prices. ... prices for Australian coking coal jumped ...

Coking coal is a key raw material for steel making, and India, the second largest producer of crude steel globally, is also the largest importer of coking coal in the world shipments coming in ...

PTI. Updated On Jul 15, 2022 at 11:36 AM IST. New Delhi: Steel maker Rashtriya Ispat Nigam Ltd (RINL) has floated a global tender for supply of coking coal and pulverised coal injection. The tender is for supply of 3.75 lakh metric tonne (MT) coking coal and 75,000 MT pulverised coal injection (PCI). "Global tender notice for supply of imported ...

Published date: 31 March 2023. Indian state-controlled steelmaker Rashtriya Ispat Nigam (RINL) has floated two import tenders for the procurement of coking coal, based on a basket of two indexes, including Argus. The long steel manufacturer requires 150,000t of hard coking coal and 150,000t of soft coking coal, each from a single source.

China's coking coal prices at 2-year low, downside pressure still looms. 5 May, 13:58 IST. ... India: BCCL hikes coking coal prices by up to 10%. 12 Apr, 19:18 IST. Show more like this Show less like this. Load More. Fines and lumps. Billet. …

Due to the unavailability of coking coal, India remains dependent on imports to meet 85 per cent of its coking coal needs from far-located countries like Australia, South Africa, Canada and the US. Specifically, JSW Steel meets 60 per cent of its coking coal requirement via imports.

212 Reads. 10 Nov 2023, 13:14 IST. India's coking coal imports in October 2023 rose by 7% m-o-m at 4.40 million tonnes (mnt), as per CoalMint data. However, imports dropped 11% to 4.40 mnt compared to 4.95 mnt in October 2022.

Reuters. Updated On Nov 28, 2023 at 03:58 PM IST. India will step up imports of coking coal, a key material in steel manufacturing, from Russia, as cargoes from top supplier Australia drop and steel mills struggle with rising prices, three government sources and an industry executive said. Steel mills in India, the world's second-biggest …

In October 2021, India and Russia had signed an agreement for collaboration in the mining and steel sectors, with the focus on India buying coking coal from Russia. The agreement between the two countries was signed by Ram Chandra Prasad Singh, India 's minister of steel, and Nikolay Shulginov, Russia's minister of …

November 28, 2023 by archyde. 10:17:38. India will step up imports of coking coal, a key material in steel manufacturing, from Russia, as cargoes from top supplier Australia drop and steel mills struggle with rising prices, three government sources and an industry executive said. Steel mills in India, the world 's second-biggest ...

Published date: 31 March 2023 Indian state-controlled steelmaker Rashtriya Ispat Nigam (RINL) has floated two import tenders for the procurement of coking coal, based on a …

58.76M. HPCL. 300.40. +7.81%. 21.90M. Get in-depth information about Coking Coal Futures including Price, Charts, Technical Analysis, Historical data, …

Coking coal is trading at USD 500 per tonne," an industry executive said adding that it is a rise of about 20 per cent compared to the rates a few weeks ago. Advt India meets 85 per cent of its coking coal, a key …

Steel prices in India are increasing due to rising rates of coking coal, according to industry executive Bimlendra Jha. While iron ore is available in India, coking coal needs to be imported. Prices for coking coal have risen from USD 230 per tonne in June-July 2023 to USD 341 per tonne currently.

In recent post COVID situation, imported coking coal price hiked more than 400% which led to curtailing of production since past 8 months. RINL has own thermal power plant (315MW) to meet uninterrupted electricity requirement for all major units. Out of 315 MW, around 100 MW power is required to meet BF Turbo Blowers and steam …

As compared to 2009-10, the prices of imported coking coal in 2010-11 increased by 75%, for steel companies all over the world. Depending on the quantity of imported coal and other strategic raw materials, profit margin of these steel companies was adversely affected by this rise in the coking coal prices.

Last month, prices for Australian coking coal jumped 50% to over $350 a metric ton due to factors such as maintenance outages, lower than usual supplies from Queensland and a slower train network. Earlier this month, Australia assured India of steady supplies of the commodity, two Indian government sources. told Reuters.

Rashtriya Ispat Nigam Limited (RINL) has also Long Term Agreements with various global suppliers from countries such as Australia, Canada, USA, Indonesia and …

Steel prices in India are increasing due to rising rates of coking coal, according to industry executive Bimlendra Jha. While iron ore is available in India, coking coal needs to be imported. Prices for coking coal have risen from USD 230 per tonne in June-July 2023 to USD 341 per tonne currently. 28 Sep, 2023, 02:12 PM IST.