scorecardresearchIndian steelmakers face hit on Europe deals over export tax: Report

Indian steelmakers face hit on Europe deals over export tax: Report

Updated: 23 May 2022, 12:34 PM IST
TL;DR.
Due to the rise in coking coal prices, domestic hot-rolled coil (HRC) prices surged to 76,000 per tonne in April 2022 from 39,200 per tonne in March 2020.
India meets 85 per cent of its coking coal requirements. While Australia remains the main buying destination.

India meets 85 per cent of its coking coal requirements. While Australia remains the main buying destination.