Strains in Australian metallurgical (met) coal supply has heightened energy security risks for India, which depends on imports for 90 pc of its needs, according to a new report by the Institute for Energy Economics and Financial Analysis (IEEFA).
The Indian government and steelmakers have begun reducing reliance on Australian met coal but India needs to go further to prevent India’s steel sector from being weighed down by long-term energy security challenges, it noted.
India aims to reach a crude steel production capacity of 300 million tonnes per annum by 2030. Much of this growth is driven by the blast furnace (BF) technology that uses met coal.
As a result, the Indian steel sector depends heavily on imported met coal since domestic met coal does not meet quality requirements due to its high ash and sulphur content.
India currently imports around 90 pc of its met coal, primarily from Australia.
However, concerns are mounting over the reliability of the future supply from Austral​Strains in Australian metallurgical (met) coal supply has heightened energy security risks for India, which depends on imports for 90 pc of its needs, according to a new report by the Institute for Energy Economics and Financial Analysis (IEEFA).
The Indian government and steelmakers have begun reducing reliance on Australian met coal but India needs to go further to prevent India’s steel sector from being weighed down by long-term energy security challenges, it noted.
India aims to reach a crude steel production capacity of 300 million tonnes per annum by 2030. Much of this growth is driven by the blast furnace (BF) technology that uses met coal.
As a result, the Indian steel sector depends heavily on imported met coal since domestic met coal does not meet quality requirements due to its high ash and sulphur content.
India currently imports around 90 pc of its met coal, primarily from Australia.
However, concerns are mounting over the reliability of the future supply from Austral ​Latest News [ SOBAN NEWS: International and National ]
