Indian steel industry faces growing questions over long-term coking coal dependence

Aerial view of a large Indian steel plant with blast furnace structures, chimneys, conveyors and industrial processing units.

The Indian steel industry is investing heavily in new coal-based blast furnace capacity, but a new analysis argues that growing reliance on imported coking coal could expose producers to rising costs, carbon tariffs and currency risks over the coming decades. The report suggests green steel technologies may reach cost parity sooner than many industry participants expect. The Indian steel industry […]

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