Producers of Indian domestic coke claim that steel companies are abusing the Prior Authorization (AAS) scheme for steel companies, under which raw materials are allowed to be imported only if they are to be used for export production, the Indian Coca Cola Metallurgical Association (IMCOM) said in a statement on Wednesday. There wasn't that in the statement about whatever it was, according to what happened on Wednesday. The association, for example, reported that India produced 160 million tons of finished steel per year, and the average export was about 5 million tons per year, but coke imports entering the country were extremely high, at about 2.8 million tons per year. It states that 0.5 million Mt of Met-coke is needed to produce one million tons of steel.
An association stating that domestic steel companies use imported coke to produce steel, which in turn is sold locally, violating export obligations under the AAS.
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Indian steel producers have appealed to the government to raise the quota for coke imports to 9.3 million tons. Tons, with the largest share of additional shipments coming from Indonesia, followed by Japan and Poland.
