India's metallurgical coke industry is grappling with a dilemma where prices of imported supplies are lower than the cost of domestic production, which promoted The Indian Metallurgical Coke Manufacturers' Association (IMCOM) to seek the government's intervention to tackle the issue on January 15.
India's current price of imported met coke was $395/t, $65/t lower than $460/t of domestic production cost. The disparity has brought a total inflow of 3.6 million tonnes of met coke imports during FY2022-23.
The considerable meat coke inflow pushed local traders to seek international sourcing to maximize profits, further contributing to unemployment crisis and economic difficulties among the local met coke sector.
IMCOM's chairman Dipak Agarwalla called on the government's intervention by imposing quantitative restrictions to reduce met coke imports to 2.6 million tonnes, maintaining sustainable development of the domestic met coke industry.
(Writing by yan.sun Editing by Emma Yang)
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