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Indian Steel Mills May Import Coking Coal from Far East Russia

Coal News - Published on Thu, 28 Nov 2019

Image Source: Coking Coal Import
Union Steel Minister Mr Dharmendra Pradhan, after meeting with a Russian delegation led by Mr Leonid Petukhov, the CEO of Russia's Far East Investment and Export Agency, said that India's import of coking coal from Russia's far eastern region would increase significantly in the coming months and that Indian steel companies have already started testing samples of Russian coal. He said "The Minister stated that offtake of coal from Far East Russia can grow as the coking coal from Far East Russia becomes more attractive from the point of view of price, ease of availability, connectivity to the ports and sea transport.”

The Minister stated that offtake of coal from Far East Russia can grow as the coking coal from Far East Russia becomes more attractive from the point of view of price, ease of availability, connectivity to the ports and sea transport. He hoped that the improvements by Russian side in developing inland as well as port logistics and rail connectivity in Far East would go a long way in developing economic linkages with India. He also suggested Far East Russia Investment and Export Agency to indicate specific concessions that can be made to Indian importers of coking coal and to offer port facilities at preferential terms for Indian companies.

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Posted By : Yogender Pancholi on Thu, 28 Nov 2019
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