Re­cent cok­ing coal price Rise puts pres­sure on sail’s op­er­a­tions

Resource Digest - - NEWS IN BRIEF -

In­dia’s largest steel maker SAIL said there is a need to de­velop in­dige­nous sources of cok­ing coal to meet its re­quire­ments as re­cent rise in the price of metallurgical coal was putting pres­sure on its op­er­a­tions. While ad­dress­ing his em­ploy­ees for the first time through com­pany’s Face­book and Twit­ter ac­count, SAIL Chair­man PK Singh said that the steel maker cur­rently meets the max­i­mum re­quire­ment of cok­ing coal through im­ports.

“Given the un­prece­dented volatil­ity in in­ter­na­tional mar­kets, we need to de­velop in­dige­nous sources of coal to meet our re­quire­ments. Also, there has to be wise use of this in­put ma­te­rial with at­tain­ing ef­fi­cient push­ing co­ef­fi­cient,” he added.

Cok­ing coal, also known as metallurgical coal, is used to cre­ate coke, one of the key ir­re­place­able in­puts for the pro­duc­tion of steel. “While we aug­ment our vol­umes, we are like­wise plan­ning to raise our min­ing ca­pac­i­ties to sus­tain the growth. At the same time, greater em­pha­sis on ben­e­fi­ci­a­tion and al­ter­nate routes of steel pro­duc­tion will have to be ex­plored for be­ing able to use these low grade raw ma­te­ri­als which are available in abun­dance,” he said.

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