COKING COAL IMPORTS
Steel makers set for profit surge in March quarter
Steelmakers are poised for a significant profit surge in the March quarter, driven by a new protectionist measure and seasonal demand. Higher prices and volumes are expected to outweigh increased coking coal costs, with SAIL projected to see the sharpest profit growth. India's improved trade balance and resilient domestic demand further bolster the sector's outlook.
Steel to stay costly through 2026, India to lead demand rebound in 2027: Report
Global steel demand will stay weak, growing just 0.3% in 2026, with China dragging growth while India emerges as a strong outlier. Despite soft demand, steel prices are rising due to higher raw material costs, supply tightness, and geopolitics. Aluminium leads gains among metals, while copper, zinc, and nickel show mild declines amid continued global volatility.
Plants built for imported coal being tested for local blends
The trials, covering 10 units with a combined capacity of about 18,000 MW, will determine the extent to which such plants can shift to domestic supplies, people familiar with the matter said. The exercise is evaluating operational feasibility, including the impact on efficiency, combustion and equipment performance.
Coal imports fall 8.5% in February amid high stockpiles, firm global prices
India's coal imports saw an 8.5 percent drop in February, reaching 16.55 million tonnes. This decline was driven by high domestic coal stockpiles and firm international prices. The trend is expected to continue as domestic miners work to reduce their inventories. Coal stocks at thermal power plants remain robust, ensuring uninterrupted power generation.
India aiming to cut steel emissions by 25%, double capacity, document shows
India is set to boost its steel production significantly by 2035-36. The new National Steel Policy 2025 targets a substantial reduction in carbon emissions from steel mills. This ambitious plan includes increasing steel capacity and exports. The policy also focuses on reducing reliance on coal and promoting cleaner steelmaking methods. This initiative is crucial for India's net-zero emissions goal.
Steel consumption grows 7-8 pc in FY26 on strong demand from infra, manufacturing sectors
India's finished steel consumption grew 7-8% to 164 million tonnes in FY26, driven by infrastructure and manufacturing. Crude steel output also rose over 10.7% to 168.4 million tonnes.
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Jindal Steel deploys syngas in furnaces to counter shortages of natural gas, LPG
Jindal Steel has successfully used syngas in its galvanizing and color coating furnaces. This move counters shortages of natural gas, LPG, and propane. It allows the company to maintain operations amid supply disruptions. Jindal Steel is a pioneer in using syngas for steelmaking. This innovation strengthens energy security and supports low-carbon steel production.
Amid West Asia crisis, CIL plans to offer 25.62 million tonnes of coal in April via auction
Coal India Limited is set to auction 25.62 million tonnes of coal this month. This move aims to address energy supply disruptions caused by the West Asia crisis. The company is using its Single Window Mode Agnostic auction system. Buyers from Bangladesh, Bhutan, and Nepal can now participate directly. This initiative enhances transparency and market integration.
Unconventional ways during war and uncertain times: 4 stocks with dividend yield of up to 5.9%
A high dividend yield by itself is not a sign of safety. Sometimes, a stock yields more only because the price has collapsed for a valid reason. Sometimes, the market is signalling that the dividend is unsustainable. And sometimes a management that has cash to reward shareholders simply chooses not to do so. Dividend investing, therefore, is not about buying the highest yield on the screen. It is about judging the credibility of that yield. The first test is the company’s dividend record. Has it paid consistently across cycles? Has it treated dividend as a regular shareholder return tool, or as a sporadic gesture during good years?
Major Coal India arms report drop in production in FY26
Coal India subsidiaries BCCL, CCL, WCL, and MCL saw production drop in FY26. This occurred as India increased coal reliance due to global gas supply disruptions. SECL and NCL registered growth. Experts noted potential spoilage risks with aggressive targets. CIL met contractual coal supply commitments for power plants and industry. Adequate stocks are expected for peak summer demand.
Coal India to invest Rs 3,300 crore in 8 coking coal washeries, Rs 300 crore for upgrades
Coal India plans a significant investment of Rs 3,300 crore for eight new coking coal washeries. This initiative aims to enhance domestic coal quality and decrease reliance on imports. The new facilities, with a combined capacity of 21.5 million tonnes per year, are expected to be operational by FY30.
India seeks steelmaking raw material from Argentina, Indonesia, Oman, sources say
India is set to hold talks with Argentina, Indonesia, and Oman next month to secure vital steelmaking raw materials like coking coal and iron ore, alongside accessing new technologies. These discussions aim to bolster supplies for its growing steel industry and support its transition to cleaner energy sources.
India’s coal imports dip 4.2% as domestic production rises amid global price surge
India's coal imports saw a significant drop of 4.2 percent in the April-January period. This decline is attributed to a strong push for self-reliance and surging domestic coal production. Global thermal coal prices are also firming up, suggesting imports will remain subdued. Domestic production is projected to grow substantially in the coming years to meet rising energy demands.
Centre auctions record 200 mineral blocks in FY26, highest ever
A record 200 mineral blocks will be sold in 2025-26. This is the highest ever in a single year. Tamil Nadu is conducting auctions for the first time. Uttarakhand is also entering the framework with its first magnesite block. Gujarat, Rajasthan, and Tamil Nadu are leading the auctions. This initiative strengthens the national auction ecosystem.
Stocks in news: Tata Motors PV, Hindalco, IDBI Bank, Waaree Energies, Adani Total Gas
Markets experienced a sharp decline on Friday, extending the ongoing corrective phase due to persistent geopolitical tensions. Analysts suggest any recovery will face significant resistance, advising investors to maintain caution and a selective trading approach. Several companies, including Tata Motors PV, Hindalco, and Adani Total Gas, are in focus due to recent news developments.
Pankaj Pandey flags risks in aviation, sees better opportunities in hotels and steel
Market participants are closely watching evolving factors impacting sectors. Leadership shifts at InterGlobe Aviation and supply chain disruptions are key concerns. Electronics manufacturing shows promise with new policies. Energy stocks are seen as trading plays. Steel producers stand out with strong price appreciation. Investors face a dynamic landscape with selective opportunities.
What Iran war means for Vedanta, Tata Steel and other metal stocks? CLSA analysts explain
Rising tensions in the Iran war could reshape the outlook for Indian metal stocks, with CLSA flagging Vedanta as a key beneficiary due to its aluminium, zinc and oil exposure. Tata Steel may also gain from stronger steel spreads, while energy costs, freight disruptions and geopolitical risk could keep commodity prices elevated.
US trade deal won't affect India's defence ties with Russia, says Defence Secretary Rajesh Kumar Singh
India's defence secretary affirmed that New Delhi's defense ties with Russia will remain unaffected by the US trade deal. He emphasized India's commitment to a diversified procurement strategy, sourcing military equipment based on operational needs from various nations while accelerating domestic manufacturing and indigenisation efforts.
Steel HRC prices hit 2-year high at ₹54,000/tonne; how long will the rally last?
India's steel market has reversed course. Hot-rolled coil prices have risen significantly. This surge is driven by higher raw material costs, a government safeguard duty on imports, and strong infrastructure demand. Experts believe these factors will support prices in the near term. Demand is expected to grow, and producers' margins are improving. The outlook for Indian steel appears favorable.
United States interim trade pact likely by April: Piyush Goyal
India and the US are set to sign an interim trade deal in March, with implementation expected the following month. This agreement aims to boost bilateral trade and investments. US officials are scheduled to visit New Delhi for the signing. The deal is anticipated to benefit India's labour-intensive sectors and open new business avenues for exporters.
Metal stocks glitter on Dalal Street, eye stronger March quarter
Indian metal stocks are performing strongly. Prices for steel and non-ferrous metals have risen significantly. This is due to increased demand, government policies, and limited supply. Steel companies are seeing better earnings. Non-ferrous producers also benefit from global price trends and a weaker rupee. The current quarter is typically strong for metal volumes.
India keen to diversify crude oil, coking coal sources; eyes high-quality US supplies: Piyush Goyal
India aims to diversify its crude oil and coking coal imports, expressing interest in high-quality US coking coal. The nation also seeks US technology like GPUs for AI and data center equipment. India plans to purchase USD 500 billion in goods from America over five years. This trade deal opens opportunities for Indian firms in labor-oriented goods and technology services.
India looks to Middle East, Asia to cushion EU carbon tax blow to steel exports
India is actively exploring new export destinations for its steel in the Middle East and Asia. This strategic shift aims to mitigate the effects of the European Union's carbon tax. The nation is also focusing on securing essential raw materials through long-term agreements and asset acquisitions.
India-US trade deal to ensure competitive crude prices: Piyush Goyal
Union Minister Piyush Goyal unveils that India-US trade agreement will cover energy requirements and would help secure crude oil at more competitive prices. This strategic alliance also includes a plan to reduce tariffs on numerous goods.
Imports of aircraft from US may boost tourism, bring down air fares: Piyush Goyal
Commerce and Industry Minister Piyush Goyal said India may import aircraft, engines and spare parts worth about $100 billion from the US under the interim trade pact, which could support tourism, improve connectivity and help reduce airfares.
Tata Steel CEO sounds alert as domestic steel prices feel the strain
Tata Steel's CEO T.V. Narendran calls for government oversight on cheap steel imports. He anticipates higher steel prices and improved company profits in the March quarter. Domestic demand remains robust, driven by infrastructure, construction, and the auto sectors. Europe's carbon tax is seen as beneficial for Tata Steel's European operations.
India-US trade ties to boost input security for steel sector: Naveen Jindal
India and the US are deepening their collaboration. This partnership will enhance input security for India's steel sector. It will also boost competitiveness and exports. Prime Minister Narendra Modi and US President Donald Trump's discussions signal positive business confidence. Deeper collaboration on coking coal offers a tangible opportunity for India's steel industry.
Coking coal imports rise in Oct on winter restocking, general coal shipments decline
October coal imports saw a mixed trend. Overall shipments fell as domestic supply increased. However, coking coal imports rose significantly. Steel mills restocked for winter. Future imports are expected to be subdued due to higher domestic production.
India's coal import declines marginally in Apr-Feb period
India's coal imports saw a slight decrease of 1.4% to 240.77 million tonnes during April-February FY'25, compared to the previous year. This decline is attributed to high domestic stockpiles, reducing the need for imported coal. However, India's coal output increased to 928.95 MT, reflecting the nation's commitment to energy security and industrial growth.
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