Indian delegation to visit Mongolia for coking coal discussions
Steel Secretary Sandeep Poundrik informed PTI, "We are exploring the possibility of importing coking coal from Mongolia. An industry delegation previously visited Mongolia, and now a government delegation will follow next month."
Currently, India relies heavily on a limited number of countries, primarily Australia, for 80-90% of its coking coal needs. Due to the distance, it takes months for cargo ships to deliver the raw material, increasing overall production costs for steel manufacturers.
Importing coking coal from Mongolia, which is geographically closer, will benefit domestic steel producers by improving raw material availability and reducing costs. The government is actively pursuing measures to source coking coal from both Russia and Mongolia. Additionally, state-owned SAIL has already imported coking coal from Russia for steel production.