Price volatility in South African coal, apprehensions over mine linkage
renewals in India seen as two prime reasons
In a novel
initiative, Indian steel and sponge-iron mills are considering bringing in
thermal coal from Mozambique as an alternative to South African imports – which
is witnessing high price volatility - and to get around the uncertainty in
domestic supplies.
Market sources say,
a trading company is already in touch with mills for getting the coal.