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31 Jul 2023

BHP Expects Indian Steelmaking Boom to Drive Its Coal Business, Financial Times Reports

31 Jul 2023  by reuters   

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/Illustration

 BHP Group (BHP.AX) 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.

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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