Steel Ministry aiming reduction in import of coking coal: Reports 16/06/2017

Steel Ministry aiming reduction in import of coking coal: Reports
16/06/2017

The Steel Ministry has said that it wants Coal India (CIL) to put in place more coal washeries in order to cut import of coking coal. Commenting on the issue, Union Steel Minister Chaudhary Birender Singh told the media, "The replacement of raw material for steel (coking coal), which is being procured from Australia, is important. We have asked Coal India and the Coal Ministry that there should be washeries at pit heads for washing thermal coal to convert this coal as a replacement for coking coal." "With this, we are hoping to replace 25-30 per cent of coking coal. There has been a focus on pelletisation of iron ore fines to reduce import cost. We have told steel producing PSUs to use that (pellets of iron ore fines)," he added. As per reports, the National Steel Policy-2017 expects crude steel capacity of 300 million tonnes and a strong finished steel per capita consumption of 158 kg by 2030-31, as against the current consumption of 61 kg.

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