Russia and USA Emerge as Key Coking Coal Suppliers to India in FY25, Australian Prominence Wanes
April 6, 2025 - India’s coking coal sourcing strategy is undergoing a seismic shift post-Covid.
Once overwhelmingly dependent on Australia, India is diversifying its supply lines, with Russia – up three times since FY20 - and the United States – sourcing doubled - emerging as key players, while Canberra’s dominance wanes. In FY25, India is expected to import 57.12 million tonnes, almost at FY24 levels (57.48 mt).
Coking coal remains a key feed-stock in steel making in India – the second largest producer of crude steel globally after China and a resource where the country’s import reliance is high.