Desperate for coal, India's metal makers hunt for fuel overseas - Economic Times

Jindal Steel & Power Ltd., which is running its sponge iron plants at 40% capacity as it doesnt have enough of the fossil fuel, has contracted orders for 150,000 tons of thermal coal each for the months of May and June from South Africa and Mozambique, accord…

A coal crisis in India has forced producers of sponge iron -- a steelmaking feedstock -- to scour the planet for supplies to keep their mills running, adding to inflationary pressures as they turn to… [+2930 chars]

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