India’s imports of metallurgical coal in January-May 2024 (5M CY24) stood at 31.7 million tonnes (mnt), an increase of 9% y-o-y compared with 29.1 mnt in 5M CY 23 as per BigMint data, on higher crude steel and hot metal production. India, the world’s second-largest steel producer, relies overwhelmingly on imports of this key raw material (over 90% of consumption) to cater to its burgeoning steelmaking needs.
