Govt may mandate 30% domestic coking coal blending for new steel capacity to make the sector Atmanirbhar
“For some reasons, domestic supplies of washed coking coal have not been absorbed in the market. Therefore, there is unlikely to be a supply constraint. For new capacities, this is a reasonable policy move. There will be some impact on the blast furnace efficiency, which may consequently raise production cost, which will have to be covered by lowering the prices of domestic coal. Reduction in import dependence is also welcome from strategic point of view,” Firoz added.
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