India imported about 2,047,481 ton of met coke during Apr-Aug 2016

05 December 2016

India has imported around 2,047,481 tonne of metallurgical coke during April-August 2016, according to a data compiled by the Directorate General of Commercial Intelligence and Statistics.

Metallurgical coke, a key raw material for the steel sector, is used for smelting iron ore in the blast furnace. Around 0.7 tonne of coke is required to produce 1 tonne of steel and it constitutes 40-50% of the total cost of crude steel.

The government on 25 November imposed anti-dumping duty in the range of $16.29-$25.2 per tonne on imports of low ash metallurgical coke from countries such as China and Australia for a period of five years.

Source – VC Circle