Insight
India- a silver lining for global met coal trade markets
Report summary
Indian crude steel production will almost triple and grow at 4% until 2050 led by expansion in BF-BOF steel capacity. In tandem with the rise in hot metal production, Indian met coal demand will swell to 181Mt by 2050 at 3% CAGR. In a scenario of met coal demand growth amid weak domestic supply (due to high ash content of Indian domestic raw coking coal), India will remain a key for global seaborne trade with Indian met coal imports expected to rise 2.2 times till 2050. Indian government has launched “Mission Coking Coal” to enhance its domestic raw coking coal production. The insight looks at how the Indian market will remain pivot for global seaborne met coal trade. It covers: • Indian met coal imports • Indian domestic coking coal supply with analysis of “Mission Coking Coal” and auctions of coking coal blocks • BF-BOF led capacity expansion and implication for Indian met coal demand • Initiatives by steel companies to go green For the full report refer to the download section.
Table of contents
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Executive Summary
- BF-BOF to shape India’s steel capacity landscape
- India’s metallurgical coal demand to rise at 3% CAGR through 2050
- Indian govt. attempts to incentivize domestic met coal supply through Mission Coking Coal and auctions gets a frosty start but to catch up later
- Met coal blends evolved over the past few years as stamp charge gains traction
- Indian ports house a coal handling capacity of 570 Mt operating at 63-65% utilization; berth availability is a red flag
- India to be the nucleus of global seaborne trade and import 42% of global seaborne met coal by 2050 vs. the current 23%
- Indian steel producers go lighter shades of green; coke rate optimization and hydrogen injections being tried
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