Government delegation to leave for Mongolia next month to discuss coking coal imports

A Indian delegationincluding senior government officials, will leave for Mongolia next month to discuss import coking coal of the landlocked nation. The measure aims to diversify raw materials sources, and will not only increase the availability of the key material for steelmaking, but will also help cost optimization of producing the merchandise.

“We are analyzing the possibility of importing coking coal from Mongolia. “An industry delegation went (to Mongolia some time ago) and a government delegation will go next month,” the Steel Secretary said. Sandeep Poundrik he told PTI.

India remains dependent on a select group of nations, primarily Australia, for 80 to 90 percent of its coking coal needs. Since they are far away, cargo ships take months to transport raw materials to India. Logistics increases the total cost of production for steel manufacturers.

Imports from Mongolia, which is geographically closer to India, will provide cost benefits to domestic steel players and improve raw material availability.

The government has been taking several steps to source coking coal from Russia and Mongolia.


state property BROWSE has imported coking coal from Russia to produce steel.

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