{"id":19302,"date":"2022-05-11T16:03:08","date_gmt":"2022-05-11T16:03:08","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/desperate-for-coal-indias-metal-makers-hunt-for-fuel-overseas"},"modified":"2022-05-11T16:11:18","modified_gmt":"2022-05-11T16:11:18","slug":"desperate-for-coal-indias-metal-makers-hunt-for-fuel-overseas","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/desperate-for-coal-indias-metal-makers-hunt-for-fuel-overseas","title":{"rendered":"Desperate for coal, India\u2019s metal makers hunt for fuel overseas"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>A coal crisis in India has forced the country\u2019s sponge iron producers to scour the planet for supplies to keep their mills running as they are deprived of the fossil fuel at home.<\/p>\n

Jindal Steel & Power, which is running its sponge iron plants at 40% capacity as it does not have enough fuel, has contracted orders for 150,000 tonnes of thermal coal each for May and June from SA and Mozambique, according to MD VR Sharma. That is the most it has ever imported in a month, he said.<\/p>\n

\u201cThere is no coal available and we are at a hand-to-mouth situation now for inventories,\u201d Sharma said in an interview. \u201cWe have to keep on importing coal till the time domestic coal is not available.\u201d<\/p>\n

Asia\u2019s third-largest economy is battling an energy crisis threatening to hit industrial production as the state-run behemoth Coal India diverts most of its output to power plants to keep the lights on amid worsening blackouts. In the central state of Chhattisgarh, a hub for iron ore and steelmaking, sponge iron makers are running at about 60% of usual levels and could be forced to shut down completely if they cannot get more coal, the Chhattisgarh Sponge Iron Manufacturers Association said in April.<\/p>\n

India\u2019s sponge iron industry, the world\u2019s biggest, may ship in as much as 35-million tonnes of coal this financial year, 30% more than a year earlier, according to the Sponge Iron Manufacturers Association. Sponge iron is a steelmaking raw material produced after heating iron ore at high temperatures using carbon in the form of coal or gas.<\/p>\n

SA and Australian traders have been flooding the industry group with queries on the quality and prices of coal that mills need, as \u201cthey know that India will have to import a lot of coal because of the energy crisis\u201d, according to Deependra Kashiva, executive director at the sponge iron group.<\/p>\n

\u201cThe coal situation is very bad in India,\u201d as inventories are drying up and the availability of railway carriages to transport the material gets tougher, Kashiva said in an interview. Mills are ready to pay a higher premium for coal in e-auctions as \u201cthey are desperate to run their plants\u201d, he said, adding that companies do not want to miss out on the booming export demand for steel.<\/p>\n

India\u2019s steel exports jumped 25% to 13.5-million tonnes in the financial year ended March, according to government data.<\/p>\n

\u201cThe government or Coal India should try to cap coal prices\u201d to rein in energy costs, Sharma said. The country should also speed up environmental clearances and set a production deadline for miners that have won leases at auctions to bring more output quickly, he said.<\/p>\n

\u201cBecause this is not a one-day situation. This will remain forever. This will remain in December also and next March also and next June also,\u201d Sharma said. \u201cThe faster the mines start production, the better it is for the country.\u201d<\/p>\n

For More News And Analysis About Mozambique<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mozambique. A coal crisis in India has forced the country\u2019s sponge iron producers to scour the planet for supplies to keep their mills running as they are deprived of the fossil fuel at home. Jindal Steel & Power, which is running its sponge iron plants at 40% capacity as it does not have […]<\/p>\n","protected":false},"author":84,"featured_media":19300,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[233,281,283],"class_list":["post-19302","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nDesperate for coal, India\u2019s metal makers hunt for fuel overseas - Mozambique<\/title>\n<meta name=\"description\" content=\"A coal crisis in India has forced the country\u2019s sponge iron producers to scour the planet for supplies to keep their mil ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/desperate-for-coal-indias-metal-makers-hunt-for-fuel-overseas\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Desperate for coal, India\u2019s metal makers hunt for fuel overseas\" \/>\n<meta property=\"og:description\" content=\"A coal crisis in India has forced the country\u2019s sponge iron producers to scour the planet for supplies to keep their mil ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/desperate-for-coal-indias-metal-makers-hunt-for-fuel-overseas\" \/>\n<meta property=\"og:site_name\" content=\"Mozambique\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-11T16:03:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-11T16:11:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/05\/img-627be00c90551.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"749\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/desperate-for-coal-indias-metal-makers-hunt-for-fuel-overseas#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/desperate-for-coal-indias-metal-makers-hunt-for-fuel-overseas\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Desperate for coal, India\u2019s metal makers hunt for fuel overseas\",\"datePublished\":\"2022-05-11T16:03:08+00:00\",\"dateModified\":\"2022-05-11T16:11:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/desperate-for-coal-indias-metal-makers-hunt-for-fuel-overseas\"},\"wordCount\":510,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/desperate-for-coal-indias-metal-makers-hunt-for-fuel-overseas#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/05\/img-627be00c90551.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/desperate-for-coal-indias-metal-makers-hunt-for-fuel-overseas#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/desperate-for-coal-indias-metal-makers-hunt-for-fuel-overseas\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/desperate-for-coal-indias-metal-makers-hunt-for-fuel-overseas\",\"name\":\"Desperate for coal, India\u2019s metal makers hunt for fuel overseas - 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