India's coking coal imports hit 10-year high

The imports witnessed a seven percent year-on-year increase from FY23 and a remarkable growth of over 20 percent over the past decade.

Notably, Russia emerged as a major supplier, with shipments hitting multi-year highs of 6.4 million tonnes in FY24, marking a substantial 200 percent surge from the previous fiscal year and a remarkable 300 percent increase over six years.

India remains a significant importer of coking coal globally, a crucial component in steel production, with imports ranging from 47 million to 54 million tonnes over the past decade.

Australia retained its position as the largest supplier of coking coal in FY24, accounting for 59 percent of the total shipments, albeit with a declining trend. Russia, with a 12 percent market share, and the USA, with 14 percent, gained ground, significantly altering the market dynamics compared to six years ago.