BHP expects Indian steelmaking boom to drive its coal business, Financial Times reports

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BHP Group expects the rampant expansion of India's steel industry to boost its coal business significantly, the company's Indian chief commercial officer Vandita Pant told the Financial Times on Monday.

A small toy figure and mineral imitation are seen in front of the BHP logo in this illustration taken November 19, 2021. REUTERS/Dado Ruvic/Illustrationexpects the rampant expansion of India's steel industry to boost its coal business significantly, the company's Indian 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.

 

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