Reliance on imported coking coal often poses challenges for India’ssteel mills which, unlike their peers in China, have limited domesticreserves.India, which overtook Japan to become the world’s second-largest steel producer in 2018, is slated to become the top cokingcoal importer 2020.Of the Indian steelmaker’s current group-wide capacity of 33million tpy, 44% is at its European operations in the Netherlands andthe UK. The remaining 56% - or around 18.5 million tpy - whichincludes capacity at the recently acquired Bhushan Steel, is in India.The company’s raw materials portfolio includes annualrequirement of around 19 million tonnes of coking coal, 16 milliontonnes of iron ore and 0.5 million tonnes of coke.
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