India to Surpass China for Top Steel Market, Drive Demand for Coking Coal

Reuters reported that Indian demand for steel will drive the coking coal market, due to a burgeoning market there, which could soon surpass China.

As quoted in the market report:

India’s steel capacity could almost triple between 2010 and 2020 to reach 179 million tonnes a year, Somdeb Banerjee, Tata Steel’s executive for South Africa, said last week at the Coaltrans Mozambique conference in Maputo.

To view the whole Reuters report, click here.