Industry Outlook of Bharat Coking Coal IPO
Coal and iron ore form part of India’s mineral base and support industrial activity, particularly in energy generation and steel manufacturing.
Coking coal is mainly used in steel production, and its demand is linked to steel output, infrastructure development, and overall industrial activity.
As per a CRISIL industry overview, domestic coking coal demand in Fiscal 2025 is estimated at around 67 million metric tonnes (MMT).
The same source indicates that coking coal demand may increase over the long term, with estimates reaching approximately 138 MMT by Fiscal 2035.
While total coking coal supply in India has shown surplus conditions in several years, only a limited portion of domestic coking coal is directly suitable for steelmaking due to quality considerations.
As a result, steel producers depend on specific grades of coking coal that meet metallurgical requirements.
Despite periods where overall supply exceeds demand, coking coal consumption by the steel sector remains linked to changes in steel production levels.
The industry operates within a regulated framework shaped by policy guidelines, quality standards, and demand from downstream sectors.
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