Steel industry body seeks govt intervention to check coking coal price
Industry body ISA has sought the government’s immediate intervention to check coking coal price, which has grown three-fold to around USD 450 a tonne.
“Coking coal prices is something, which is impacting the industry drastically and the production cost is impacted, affecting the steel prices,” Alok Sahay, Secretary-General of Indian Steel Association said during an interaction with PTI.
Indian Steel Association (ISA) represents the domestic steel industry.
Explaining the situation, Sahay said the price of coking coal used to be in the range of USD 120-130 per tonne around a year back.
In March 2022, coking coal prices had peaked at about USD 670 per tonne, he added.
