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Value of Coking Coal Imports
LSI Engineering & Consultants Limited
Value of Coking Coal Imports

• Price of coal is dependent on grade and quality of

coking coal.
• Indian Steel industry consume around 70 MT coking
Coking Coal Country-wise import in FY23 (Rs. Million) coal annually and imports constitute 85% of it.
17,790
12,525 • In the context of coking coal imports to India, Australia
51,812 7,129 ranks as the primary source, succeeded by the United
55,760 States, Singapore, Russia, and Canada, based on total
value or price.
83,946 Australia
USA
Singapore
118,792 848,077
Russia
Canada
Indonesia
Mozambique
162,907 UAE Trend Analysis
Switzerland
 Decline of coal prices: The coal price rebound in 2016 ended in 2018
New Zealand
and further declined in 2019 & 2020 due to Covid-related price
suppression.

 Gradual shift: Dependency on a single country i.e Australia is subsiding

as India has signed a MoU with Russia for coal supply, which is the
211,382 backbone of the steel industry. This is attributed to lenient buying norms
and huge discounts provided by Russia

Mining & Metals Business Unit Sources: The data presented is derived from secondary sources and analysis conducted by LSI. April 2024
LSI Engineering & Consultants 2
Coking Coal price forecast until 2030

Global coking coal market (BUSD)

150.1

100.1 6.1%

2023 2030

Insights

 Global coking coal market( BUSD) : The global coking

coal market is expected to grow at a CAGR of 6.1%
between 2023 & 2030

 Factors affecting the price of coking coal: Increasing

dependence on renewable energy, stringent government
rules, old blast furnaces to be replaced by new
technologies, limited investment in coal mines and closure
of several mines are some of the factors which are
affecting the price of coking coal till FY2030.

Mining & Metals Business Unit Sources: The data presented is derived from secondary sources and analysis conducted by LSI. April 2024
LSI Engineering & Consultants 3