JSW Steel, SAIL seek Mongolian coking coal imports amid high steel demand

Quick Summary:

Coking coal is also known as metallurgical coal.

However, disruptions caused by erratic weather conditions in Australia last year have prompted Indian steelmakers to explore alternative sources.

The Indian government is also supporting steel companies in diversifying their sourcing to minimise over-reliance on any one country, the report mentioned.

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Article Details

Category: BusinessFinance

Markets: IndiaAustraliaChinaMongolia

Topics: SAIL Mongolian coking coal Steel demand JSW Steel

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-26 @ 17:38:02 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 303 words

Reading Time: 2 minutes read

Sentences: 17 lines

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Copyright Owner: © Business Standard

News ID: 23887502

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