An Indian delegation, including senior government officials, will visit Mongolia next month to discuss importing coking coal. This move aims to diversify raw material sources and optimize steel production costs. Currently, India relies heavily on Australia for coking coal, but imports from Mongolia could offer cost benefits and improve availability. View More

An Indian delegation , including senior government officials, will leave for Mongolia next month to discuss importing coking coal from the landlocked nation. The move aims at diversifying raw materials sources, and will not only increase the availability of the key steel making material but also help in cost optimisation of producing the commodity. "We are looking at the possibility of import of coking coal from Mongolia. An Industry delegation went (to Mongolia some time back) and a government delegation is going next month," Steel Secretary Sandeep Poundrik told PTI. India remains dependent on select group of nations -- largely Australia -- to meet 80-90 per cent of its coking coal requirements. As they are located far, it takes months for cargo ships to transport the raw material to India. The logistics adds to the overall cost production of steel makers. Imports from Mongolia, which is geographically closer to India, will provide cost benefit to the domestic steel players and improve availability of the raw material. The government has been taking several measures to source coking coal from Russia and Mongolia. Artificial Intelligence(AI)Java Programming with ChatGPT: Learn using Generative AIBy - Metla Sudha Sekhar, Developer and Lead InstructorView Program Artificial Intelligence(AI)Basics of Generative AI : Unveiling Tomorrow's InnovationsBy - Metla Sudha Sekhar, Developer and Lead InstructorView Program Artificial Intelligence(AI)Generative AI for Dynamic Java Web Applications with ChatGPTBy - Metla Sudha Sekhar, Developer and Lead InstructorView Program Artificial Intelligence(AI)Mastering C++ Fundamentals with Generative AI: A Hands-OnBy - Metla Sudha Sekhar, Developer and Lead InstructorView Program Artificial Intelligence(AI)Master in Python Language Quickly Using the ChatGPT Open AIBy - Metla Sudha Sekhar, Developer and Lead InstructorView Program Office ProductivityZero to Hero in Microsoft Excel: Complete Excel guide 2024By - Metla Sudha Sekhar, Developer and Lead InstructorView Program AstrologyVastu Shastra CourseBy - Sachenkumar Rai, Vastu ShashtriView Program Data ScienceSQL for Data Science along with Data Analytics and Data VisualizationBy - Metla Sudha Sekhar, Developer and Lead InstructorView Program Web DevelopmentA Comprehensive ASP.NET Core MVC 6 Project Guide for 2024By - Metla Sudha Sekhar, Developer and Lead InstructorView Program Office ProductivityMastering Microsoft Office: Word, Excel, PowerPoint, and 365By - Metla Sudha Sekhar, Developer and Lead InstructorView Program MarketingDigital marketing - Wordpress Website DevelopmentBy - Shraddha Somani, Digital Marketing Trainer, Consultant, Strategiest and Subject Matter expertView Program Web DevelopmentMastering Full Stack Development: From Frontend to Backend ExcellenceBy - Metla Sudha Sekhar, Developer and Lead InstructorView Program FinanceFinancial Literacy i.e Lets Crack the Billionaire CodeBy - CA Rahul Gupta, CA with 10+ years of domain experience, trainerView Program LeadershipBusiness Storytelling MasterclassBy - Ameen Haque, Founder of StorywallahsView Program MarketingFuture of Marketing & Branding MasterclassBy - Dr. David Aaker, Professor Emeritus at the Haas School of Business, UC Berkeley, Author | Speaker | Thought Leader | Branding ConsultantView Program HRHuman Potential and the Future of EmploymentBy - Lynda Gratton, Prof. at London Business School, Speaker, Author, Global Thought LeaderView Program StrategyESG and Business Sustainability StrategyBy - Vipul Arora, Partner, ESG & Climate Solutions at Sattva Consulting Author I Speaker I Thought LeaderView Program FinanceFinancial Reporting and AnalyticsBy - Dr. C.P. Gupta, Professor: Department of Finance and Business Economics, University of DelhiView Program State-owned SAIL has imported coking coal from Russia to produce steel. (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)