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Govt To Prepare 'Coking Coal Mission' To Expand Raw Material Sources: Steel Minister
To support the domestic steel industry, the government is preparing a 'coking coal mission' to diversify the critical steelmaking raw material sources
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The government is trying to make the country less dependent on other countries for coking coal, Union minister Jyotiraditya Scindia said.
The Union Minister said in an interview with PTI that the government is on a 'coking coal project' to diversify the sources of iron ore and talked about the government's plan to increase the availability of the primary material in the country. production process. This is the responsibility of the Ministry of Coal.
Imported coking coal has a high ash content which is unsuitable for making steel through the blast furnace; according to the Union Minister, “So, what we are seeing through the coking coal mission is a double vision. First, diversifying our coking coal sources… second, through coal gasification ", he has declared. The minister also said he wanted to engage with other countries to diversify the supply of coking coal.
Recently, in July, prime minister Narendra Modi approved a pact between India and Russia regarding cooperation on coking coal.
Scindia said the government aims to establish a coal gasification plant with an annual capacity of 100 million tons (MT). In the gasification process, coal can be converted into syngas used to make sponge iron and used to make steel. All these measures will help the domestic steel industry. He also said the government has already removed the tariff on steel exports to support the sector. He noted that more discussions took place before considering removing the charge.
“We had the prospect of addressing the monsoon season, which is slow in terms of demand from the steel sector and price movement of raw materials and finished steel. Based on this, I have engaged with both committees advisory bodies to decide in November. The government has delivered on its commitment,” he said. He also said that the steel ministry had several discussions with the ministries of coal, mines, housing, trade and industry and ultimately with the minister of finances, under which the government made the sensible decision. The domestic steel sector must take advantage of this movement.
India currently imports coking coal from countries like Australia, South Africa, Canada and the United States for coking coal.