SAIL Looking at Non-Australian Markets for Coking Coal Imports

India’s largest steelmaker – SAIL – is working on a plan to not be restricted to procuring Coking Coal from just Australia, but other regions like South Africa and Canada.

The plan is mooted to reduce its dependence on BHP Billiton of Australia, as the supplies from the said Company are often fluctuating and also delayed at times.

SAIL consumes around 12 MnT of Coking Coal annually, out of which 9-10 MnT comes from Australia.

To supplement its Coking Coal requirement, SAIL is also looking at Mozambique, New Zealand and USA markets.

In FY18, the steel major plans to import 10-12 MnT of Coking Coal.

Source: CoalMint Research