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India: Largest Importer of Coking Coal by 2025

  • 31 Aug 2019
  • 2 min read

According to a report published by Fitch Solutions Macro Research, India will overtake China as the largest importer of coking coal by 2025.

  • It estimated that India's coking coal consumption to grow at an annual average rate of 5.4% between 2019 and 2028, driven by an expansion in steel production.
  • In global terms, China influences prices of coking coal, as it accounts for roughly two-thirds of global coking coal production and consumption.
    • However, steel production in China may get reduced in the medium term due to the slowing of the Chinese economy and construction sectors.

Coking Coal

  • Coking coal, also known as metallurgical coal, is used to create coke, one of the key inputs for the production of steel.
    • Coke is used as a fuel and as a reducing agent in smelting iron ore in a blast furnace (converting iron oxide (hematite) into iron metal).
  • Process of Coking
    • Coke is a solid fuel made by heating coal in the absence of air so that the volatile components are driven off.
    • The process of heating coal in this manner is referred to as carbonization or coke making.
    • The chemical composition alone cannot be used to predict whether a coal is suitable for coking.
      • Coking coals generally have volatile matter contents of 20% to 32% – i.e., the low- and medium-volatile bituminous ranks.
    • There are many varieties of coal in the world, ranging from lignite to anthracite.

Source: THBL

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