BHP expects Indian steelmaking boom to drive its coal business: FT

BHP expects Indian steelmaking boom to drive its coal business: FT

BHP Group expects the rampant expansion of India's steel industry to boost its coal business significantly, Chief Commercial Officer Vandita Pant told the Financial Times on Monday.

Around 40% of BHP's metallurgical coal, used by steel mills and known as coking coal, is now heading to India, she said. (Reporting by Urvi Dugar in Bengaluru; Editing by Christian Schmollinger)

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.