New Delhi, Sept. 12 -- India's coking coal imports are projected to grow significantly as the nation targets 300 metric tons (MT) of steel production capacity by 2030, according to the latest report by EY Parthenon in association with the Indian Steel Association (ISA).

The report further states that India, the world's second-largest steel producer, remains heavily reliant on coking coal, with the steel industry consuming 95 per cent of the demand.

The blast furnace-basic oxygen furnace (BF-BOF) route, accounts for approximately 65 per cent of installed capacity and 58 per cent of actual production, with the steel industry consuming 95 per cent of India's total coking coal demand.

This reliance means demand is projected to increase sha...