China dominates the global coke market due to the fact that besides being the largest producer and consumer of steel, it is also the largest producer, consumer and exporter of coke. As such Chinese prices are benchmark for World Coke prices.
Global steel production is estimated to grow until 2015 at a rate of approximately 4% per year. It was a mere 1.6% per annum between 1990 and 2000. In the next seven years, iron and steel production is expected to expand by around 446 million tons, a rise of 57%, corresponding to an average annual growth rate of 6.6%. This would ensure a sustained growth in the demand for coke.
Hospet Coke & Energy Pvt. Ltd. ( HCEPL ) has been formed with the main objective of setting up a Coke Oven Plant with Non Recovery technology and Waste Heat Recovery based Power Plant at Hospet, Karnataka. |
