India's SAIL sees 30% jump in coking coal imports post expansion
NEW DELHI – Steel Authority of India could see an up to 30% rise in its coking coal imports to 13-million tonnes post capacity expansion, its spokeswoman said.
SAIL, with an annual capacity of about 14-million tonnes, is the largest steel producer in India, but lags Tata Steel's global capacity of about 27-million tonnes.
Under an ongoing expansion programme, SAIL expects to raise capacity to 18-million tonnes, "by the end of this fiscal year or by early next fiscal", Arti Luniya told Reuters.
"SAIL's coking coal imports may go up to about 12-million to 13-million tonnes for a production capacity of 18-million tonnes," she said.
The steelmaker imports three-quarters of its coking coal needs and sources the remainder domestically.
Its coking coal shipments have remained largely unchanged at around 10-million tonnes in the past two fiscal years, Luniya said.
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