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Market Chatter: ArcelorMittal Sues India Over Retroactive Met Coke Import Restrictions
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Market Chatter: ArcelorMittal Sues India Over Retroactive Met Coke Import Restrictions
Mar 12, 2025 4:37 AM

07:14 AM EDT, 03/12/2025 (MT Newswires) -- ArcelorMittal's ( MT ) joint venture in India has filed a lawsuit against the Indian government, challenging the retroactive restrictions on metallurgical coke imports, Reuters reported Wednesday, citing court documents.

The report said the Indian government imposed restrictions on low-ash metallurgical coke imports starting in January, with country-specific quotas to support domestic suppliers.

Reuters said that in a court filing on March 5, the company contested the rejection of 168,300 tonnes of met coke imports from Indonesia and Poland, which were placed before the announcement of the restrictions.

The company argued that the policy violates free trade rules by rejecting orders placed before the restrictions, leading to potential financial losses of $25 million per shipment and daily vessel detention charges of $27,004, according to Reuters.

The report said the court had ordered Indian officials to respond by next week.

Enough domestic supply of met coke was available, and companies seek imports mainly for price reasons, India's Steel Secretary Sandeep Poundrik told Reuters.

ArcelorMittal ( MT ) did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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