07
Aug
09:15
India scraps coking coal consortium plan
India has shelved its plan to form a consortium of state-run companies for joint negotiations to import coking coal. This has come due to disagreements among mills regarding the grades they require, according to local press reports.
As the world's second-largest crude steel producer, India imports about 85% of its annual coking coal consumption of roughly 70 million tonnes, notes Kallanish.
While steel companies want to work together, a common buying system s…
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Anonymous
Very good overview of the weekly steel market.
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