Coal India Ltd. (CIL) subsidiary, Bharat Coking Coal Ltd. (BCCL), has scheduled the fourth phase of exclusive auction for sale of 122,000 t of coking coal on 8 Sept’21. The auction is reserved specially for the steel sector in order to meet the superior grade requirements of end-users. Notably, Steel Grade-II coking coal in small lots have been introduced for sale for the first time in FY’22, while bulk volumes comprise Washery Grade-II coal, which is also considered a good coking coal grade-due to low ash presence-for steelmaking.
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