CII Plans to Make Coking Coal Assets for the Steel Industry
The Confederation of Indian Industry (CII), keeping in mind national interest, pitched for making coking coal assets for the domestic steel industry.
NEW DELHI (Scrap Monster):The Confederation of Indian Industry (CII), keeping in mind national interest, pitched for making coking coal assets for the domestic steel industry.
C S Verma, Chairman of CII's National Committee on Steel while addressing members called for coking coal blocks allocation for the steel industry. C S Verma is also the chairman of state Steel Authority of India (SAIL). Verma Said that India’s coking coal potential must be unveiled for the steel industry in the national interest. He added that to reduce the dependence on imported coking coal, there was a need for washeries set up on war footing with enough linkages of coal supplies.
About 33 billion tonnes of coking coal reserves are there in India, in which 90 percent share is contributed by Coal India Ltd. In Steel making, coking coal is an essential ingredient. Indian steel companies depend largely in the imports and SAIL alone imports coking coal about 20 million tonnes per year. Verma highlighted that even though there are adequate amount of iron ore and coal reserves are there in our country, ensuring a continuous supply of these two key raw materials for the steel industry is still a challenge.
SAIL also made a cohesive and comprehensive agenda for accelerating the steel industry growth for a capacity building of 300 million tonnes per year by the year 2025. Now the steel production capacity of India is around 95 million tonnes. He said that there is a need ensure the accessibility of both iron ore and coal mines for the existing steel plants and have to improve the viability of the alloy.