Commodity Market Report

Coal Market Service India 2021 outlook to 2050

13 August 2021

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13 August 2021

Coal Market Service India 2021 outlook to 2050

Report summary

Enormous growth potential will keep India the major driver for thermal and metallurgical coal demand. Total power generation and crude steel production is expected to grow by 195% and 290%, respectively, over the next three decades. Despite developed countries shift towards carbon neutrality in the long term, coal fired generation will remain an integral part of Indian generation mix, but with a declining trend. India’s thermal coal import share will be 25% of global seaborne market by 2050. Growth in steel production to drive metallurgical coal import share to 42% of global seaborne trade in the long term.

Growth in steel production through BF-BOF route to drive metallurgical coal imports
- A comprehensive PowerPoint presentation and related Excel spreadsheets are available in the download section of this report, detailing 2021 outlook to 2050.