Metallurgical Coke Market 2026-2035
Description
Metallurgical Coke Market Size, Share & Trends Analysis Report by Type (Coke Breeze, Nut Coke, Foundry Coke, Blast furnaces Coke, Others) by Quality (Low Ash, Medium Ash, High Ash) by Application (Steel & Iron Manufacturing, Foundries, Chemical Industry, Glass Manufacturing, Metal and Mining, and Others), Forecast Period (2026-2035)
Industry Overview
Metallurgical coke market was valued at $21 billion in 2025 and is projected to reach $28 billion by 2035, growing at a CAGR of 2.0%. In total economic terms including both captive and traded coke, the market stood at USD 200 billion in 2024 and is expected to reach USD 265 billion by 2035. The large difference arises because nearly 90% of global coke output is produced and consumed internally by integrated steel mills, leaving only a small share available for commercial sale.
The metallurgical coke market continues to grow steadily, supported by consistent demand from the iron and steel industry, rising infrastructure development, improvements in coke production technologies and supportive government policies. According to APBI ICMA, Indonesia has shifted from being a net coke importer to becoming one of the world’s largest exporters, driven by significant capacity additions and increased output. Despite India introducing import restrictions and conducting anti-dumping investigations, which affected what had been Indonesia’s largest destination, Indonesia’s coke shipments still increased in 2025. Statistics Indonesia reported that exports rose by 51.6 percent year on year to reach 3.72 million tons during January to July. In April, JSW Steel was approved to import 106,000 tons of Indonesian coke, exceeding the standard quota of 66,364 tons for the first half of 2025, after unused quotas from other countries were reallocated while keeping India’s total import ceiling at 1.44 million tons. Indonesia also broadened its export base, with shipments to Brazil, mainland China, Australia and France rising by 183.7 percent, 230.3 percent, 205.8 percent and 132.4 percent respectively, with Brazil recording the largest volume increase of 337,400 tons.
Market Dynamics
Rising Steel Production Accelerates Growth in the Market
Steel production can occur at integrated facilities from iron ore, or at secondary facilities, which produce steel mainly from recycled steel scrap. Integrated facilities typically include coke production, blast furnaces, and basic oxygen steelmaking furnaces (BOFs), or in some cases open hearth furnaces (OHFs). Coke contributes carbon to hot metal. Carbon content in the melt is crucial for producing hot metal with the desired composition for downstream steel making. Metallurgical coke is a high-carbon fuel and reductant, essential for iron and steel production. In 2024, the world crude steel production reached 1,882.6 million tonnes (MT) as per provisional data released by World Steel Association.
World Crude Steel Production 2020 to 2023
Source: World Steel Association AISBL
Major Steel-Producing Countries 2022 and 2023
Growing Domestic Production and Innovative Processes Strengthen Argentina’s Metallurgical Coke Industry
Metallurgical coke is a crucial input for steel production, and it is made from metallurgical coal through a high-temperature carbonization process. In Argentina, metallurgical coke production and consumption are essential to its steel industry, which supports the broader steel manufacturing sector. The steel industry is vital to Argentina's industrial base, including major players such as Ternium Siderar and Acindar. In Argentina, metallurgical coke production is unique. Argentina has developed a process that primarily uses petroleum coke and coal tar pitch, a method that reduces dependence on imported coke. According to US Energy information Administration, from 2013 to 2023, Argentina’s metallurgical coke production grew annually by 4.3% while consumption grew by 3.9% annually.
Market Segmentation
Low Ash Metallurgical Coke (LAMC) is a solid carbonaceous material obtained from destructive distillation of low ash, low sulphur Bituminous coal. It is required for metallurgical and chemical industries and is used as the primary fuel where high temperature and uniform heating is required. The industrial consumers of LAMC include integrated steel plants, industry/foundries producing ferro alloys, pig iron, engineering goods, chemicals, soda ash, cement industries, and zinc units. It is made of high-quality coal as raw material, through strict production process. With high strength, low impurities and other excellent characteristics, it can provide stable and reliable energy support and efficient reduction reaction environment for the metallurgical process. Effectively reduce the introduction of impurities, reduce the amount of slag generation. It helps to improve the purity and recovery of metal. In the smelting process of metal pollution is small, can effectively improve product quality.
Regional Outlook
The global metallurgical coke market is further divided by region, including North America (the US and Canada), Europe (the UK, Germany, France, Italy, Spain, Russia, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, Australia and New Zealand, ASEAN Countries, and the Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).
Asia–Pacific Is Leading the Global Metallurgical Coke Market
Asia–Pacific lead the market driven by growth in steel and iron production majorly in China and India. According to Ministry of Steel, in India, Crude Steel production expanded from 109.137 million Tons (MT) in 2019-20 to 144.299 MT in 2023-24. Crude steel production in 2023-24 registered a growth of 13.4% over 127.197 MT in 2022-23. This steady rise in steel manufacturing significantly boosts the consumption of metallurgical coke across the region. Moreover, large-scale infrastructure projects are also fueling steel consumption, thus increasing the need for metallurgical coke. Major construction projects underway in China for 2024 include the Chongqing Smart City Initiative, the Beijing Daxing International Airport expansion, and the Shanghai Lingang Science and Technology City development.
Market Players Outlook
The major companies operating in the global metallurgical coke market include China Risun Group, Shanxi Coking Coal Group, Shanxi Meijin Energy, Tata Steel Limited, ArcelorMittal South Africa Limited, SunCoke Energy Inc., Jastrzębska Spółka Węglowa S.A. (JSW), and Nippon Coke & Engineering Co., Ltd., among others. Market players are leveraging partnerships, collaborations, mergers, and acquisition strategies for business expansion and innovative product development to maintain their market positioning.
Recent Developments
Industry Overview
Metallurgical coke market was valued at $21 billion in 2025 and is projected to reach $28 billion by 2035, growing at a CAGR of 2.0%. In total economic terms including both captive and traded coke, the market stood at USD 200 billion in 2024 and is expected to reach USD 265 billion by 2035. The large difference arises because nearly 90% of global coke output is produced and consumed internally by integrated steel mills, leaving only a small share available for commercial sale.
The metallurgical coke market continues to grow steadily, supported by consistent demand from the iron and steel industry, rising infrastructure development, improvements in coke production technologies and supportive government policies. According to APBI ICMA, Indonesia has shifted from being a net coke importer to becoming one of the world’s largest exporters, driven by significant capacity additions and increased output. Despite India introducing import restrictions and conducting anti-dumping investigations, which affected what had been Indonesia’s largest destination, Indonesia’s coke shipments still increased in 2025. Statistics Indonesia reported that exports rose by 51.6 percent year on year to reach 3.72 million tons during January to July. In April, JSW Steel was approved to import 106,000 tons of Indonesian coke, exceeding the standard quota of 66,364 tons for the first half of 2025, after unused quotas from other countries were reallocated while keeping India’s total import ceiling at 1.44 million tons. Indonesia also broadened its export base, with shipments to Brazil, mainland China, Australia and France rising by 183.7 percent, 230.3 percent, 205.8 percent and 132.4 percent respectively, with Brazil recording the largest volume increase of 337,400 tons.
Market Dynamics
Rising Steel Production Accelerates Growth in the Market
Steel production can occur at integrated facilities from iron ore, or at secondary facilities, which produce steel mainly from recycled steel scrap. Integrated facilities typically include coke production, blast furnaces, and basic oxygen steelmaking furnaces (BOFs), or in some cases open hearth furnaces (OHFs). Coke contributes carbon to hot metal. Carbon content in the melt is crucial for producing hot metal with the desired composition for downstream steel making. Metallurgical coke is a high-carbon fuel and reductant, essential for iron and steel production. In 2024, the world crude steel production reached 1,882.6 million tonnes (MT) as per provisional data released by World Steel Association.
World Crude Steel Production 2020 to 2023
Source: World Steel Association AISBL
Major Steel-Producing Countries 2022 and 2023
Growing Domestic Production and Innovative Processes Strengthen Argentina’s Metallurgical Coke Industry
Metallurgical coke is a crucial input for steel production, and it is made from metallurgical coal through a high-temperature carbonization process. In Argentina, metallurgical coke production and consumption are essential to its steel industry, which supports the broader steel manufacturing sector. The steel industry is vital to Argentina's industrial base, including major players such as Ternium Siderar and Acindar. In Argentina, metallurgical coke production is unique. Argentina has developed a process that primarily uses petroleum coke and coal tar pitch, a method that reduces dependence on imported coke. According to US Energy information Administration, from 2013 to 2023, Argentina’s metallurgical coke production grew annually by 4.3% while consumption grew by 3.9% annually.
Market Segmentation
- Based on the type, the market is segmented into coke breeze, nut coke, foundry coke, blast furnaces coke, others.
- Based on the Quality, the market is segmented into low ash, medium ash and high ash.
- Based on the application, the market is segmented into Steel & Iron Manufacturing, Foundries, Chemical Industry, Glass Manufacturing, Metal and Mining, and Others.
Low Ash Metallurgical Coke (LAMC) is a solid carbonaceous material obtained from destructive distillation of low ash, low sulphur Bituminous coal. It is required for metallurgical and chemical industries and is used as the primary fuel where high temperature and uniform heating is required. The industrial consumers of LAMC include integrated steel plants, industry/foundries producing ferro alloys, pig iron, engineering goods, chemicals, soda ash, cement industries, and zinc units. It is made of high-quality coal as raw material, through strict production process. With high strength, low impurities and other excellent characteristics, it can provide stable and reliable energy support and efficient reduction reaction environment for the metallurgical process. Effectively reduce the introduction of impurities, reduce the amount of slag generation. It helps to improve the purity and recovery of metal. In the smelting process of metal pollution is small, can effectively improve product quality.
Regional Outlook
The global metallurgical coke market is further divided by region, including North America (the US and Canada), Europe (the UK, Germany, France, Italy, Spain, Russia, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, Australia and New Zealand, ASEAN Countries, and the Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).
Asia–Pacific Is Leading the Global Metallurgical Coke Market
Asia–Pacific lead the market driven by growth in steel and iron production majorly in China and India. According to Ministry of Steel, in India, Crude Steel production expanded from 109.137 million Tons (MT) in 2019-20 to 144.299 MT in 2023-24. Crude steel production in 2023-24 registered a growth of 13.4% over 127.197 MT in 2022-23. This steady rise in steel manufacturing significantly boosts the consumption of metallurgical coke across the region. Moreover, large-scale infrastructure projects are also fueling steel consumption, thus increasing the need for metallurgical coke. Major construction projects underway in China for 2024 include the Chongqing Smart City Initiative, the Beijing Daxing International Airport expansion, and the Shanghai Lingang Science and Technology City development.
Market Players Outlook
The major companies operating in the global metallurgical coke market include China Risun Group, Shanxi Coking Coal Group, Shanxi Meijin Energy, Tata Steel Limited, ArcelorMittal South Africa Limited, SunCoke Energy Inc., Jastrzębska Spółka Węglowa S.A. (JSW), and Nippon Coke & Engineering Co., Ltd., among others. Market players are leveraging partnerships, collaborations, mergers, and acquisition strategies for business expansion and innovative product development to maintain their market positioning.
Recent Developments
- In October 2025, Synergy Capital acquired the Saurashtra Fuels metallurgical coke plant located in Mundra, Gujarat. Integrating the Mundra metallurgical coke plant into its portfolio, Synergy Capital aims to bolster the efficiency of the steel supply chain, supporting long-term growth in both steel production and infrastructure development.
- In July 2025, Tata Steel’s Hooghly Met Coke (HMC) Division in Haldia became the first non-recovery coke-making unit in India to produce 25 million tons of coke in a single campaign life without major repairs.
- Market value data analysis of 2025 and forecast to 2035.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global metallurgical coke market. Based on the availability of data, information related to new products and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
Table of Contents
185 Pages
- 1. Report Summary
- Current Industry Analysis and Growth Potential Outlook
- Global Metallurgical Coke Market Sales Analysis – Type| Quality| Application| ($ Million)
- Metallurgical Coke Market Sales Market Sales Performance of Top Countries
- 1.1. Research Methodology
- Primary Research Approach
- Secondary Research Approach
- 1.2. Market Snapshot
- 2. Market Overview and Insights
- 2.1. Scope of the Study
- 2.2. Analyst Insight & Current Market Trends
- 2.2.1. Key Metallurgical Coke Market Trends
- 2.2.2. Market Recommendations
- 3. Market Determinants
- 3.1. Market Drivers
- 3.1.1. Drivers For Global Metallurgical Coke Market: Impact Analysis
- 3.2. Market Pain Points and Challenges
- 3.2.1. Restraints For Global Metallurgical Coke Market: Impact Analysis
- 3.3. Market Opportunities
- 3.3.1. Opportunities For Global Metallurgical Coke Market: Impact Analysis
- 4. Competitive Landscape
- 4.1. Competitive Dashboard – Metallurgical Coke Market Revenue and Share by Manufacturers
- Metallurgical Coke Product Comparison Analysis
- Top Market Player Ranking Matrix
- 4.2. Key Company Analysis
- 4.2.1. China Risun Group
- 4.2.1.1. Overview
- 4.2.1.2. Product Portfolio
- 4.2.1.3. Financial Analysis
- 4.2.1.4. SWOT Analysis
- 4.2.1.5. Business Strategy
- 4.2.2. Shanxi Coking Coal Group
- 4.2.2.1. Overview
- 4.2.2.2. Product Portfolio
- 4.2.2.3. Financial Analysis
- 4.2.2.4. SWOT Analysis
- 4.2.2.5. Business Strategy
- 4.2.3. Shanxi Meijin Energy
- 4.2.3.1. Overview
- 4.2.3.2. Product Portfolio
- 4.2.3.3. Financial Analysis
- 4.2.3.4. SWOT Analysis
- 4.2.3.5. Business Strategy
- 4.2.4. Jastrzębska Spółka Węglowa S.A.
- 4.2.4.1. Overview
- 4.2.4.2. Product Portfolio
- 4.2.4.3. Financial Analysis
- 4.2.4.4. SWOT Analysis
- 4.2.4.5. Business Strategy
- 4.2.5. SunCoke Energy Inc
- 4.2.5.1. Overview
- 4.2.5.2. Product Portfolio
- 4.2.5.3. Financial Analysis
- 4.2.5.4. SWOT Analysis
- 4.2.5.5. Business Strategy
- 4.3. Top Winning Strategies by Market Players
- 4.3.1. Merger and Acquisition
- 4.3.2. Product Launch
- 4.3.3. Partnership And Collaboration
- 5. Global Metallurgical Coke Market Sales Analysis By Type ($ Million)
- 5.1. Coke Breeze
- 5.2. Nut Coke
- 5.3. Foundry Coke
- 5.4. Blast furnaces Coke
- 5.5. Others
- 6. Global Metallurgical Coke Market Sales Analysis By Quality ($ Million)
- 6.1. Low Ash
- 6.2. Medium Ash
- 6.3. High Ash
- 7. Global Metallurgical Coke Market Sales Analysis By Application ($ Million)
- 7.1. Steel & Iron Manufacturing
- 7.2. Foundries
- 7.3. Chemical Industry
- 7.4. Glass Manufacturing
- 7.5. Metal and Mining
- 7.6. Others
- 8. Regional Analysis
- 8.1. North American Metallurgical Coke Market Sales Analysis – Type| Quality| Application| | Country ($ Million)
- Macroeconomic Factors for North America
- 8.1.1. United States
- 8.1.2. Canada
- 8.2. European Metallurgical Coke Market Sales Analysis – Type| Quality| Application| | Country ($ Million)
- Macroeconomic Factors for Europe
- 8.2.1. UK
- 8.2.2. Germany
- 8.2.3. Italy
- 8.2.4. Spain
- 8.2.5. France
- 8.2.6. Russia
- 8.2.7. Rest of Europe
- 8.3. Asia-Pacific Metallurgical Coke Market Sales Analysis – Type| Quality| Application| | Country ($ Million)
- Macroeconomic Factors for Asia-Pacific
- 8.3.1. China
- 8.3.2. Japan
- 8.3.3. South Korea
- 8.3.4. India
- 8.3.5. Australia & New Zealand
- 8.3.6. ASEAN Countries (Thailand, Indonesia, Vietnam, Singapore, And Other)
- 8.3.7. Rest of Asia-Pacific
- 8.4. Rest of the World Metallurgical Coke Market Sales Analysis – Type| Quality| Application| | Country ($ Million)
- Macroeconomic Factors for the Rest of the World
- 8.4.1. Latin America
- 8.4.2. Middle East and Africa
- 9. Company Profiles
- 9.1. ABC Coke
- 9.1.1. Quick Facts
- 9.1.2. Company Overview
- 9.1.3. Product Portfolio
- 9.1.4. Business Strategies
- 9.2. ArcelorMittal South Africa Limited
- 9.2.1. Quick Facts
- 9.2.2. Company Overview
- 9.2.3. Product Portfolio
- 9.2.4. Business Strategies
- 9.3. Asbury Carbons
- 9.3.1. Quick Facts
- 9.3.2. Company Overview
- 9.3.3. Product Portfolio
- 9.3.4. Business Strategies
- 9.4. Caravan Resources
- 9.4.1. Quick Facts
- 9.4.2. Company Overview
- 9.4.3. Product Portfolio
- 9.4.4. Business Strategies
- 9.5. China Risun Group
- 9.5.1. Quick Facts
- 9.5.2. Company Overview
- 9.5.3. Product Portfolio
- 9.5.4. Business Strategies
- 9.6. Emergent Industrial Solutions Ltd.
- 9.6.1. Quick Facts
- 9.6.2. Company Overview
- 9.6.3. Product Portfolio
- 9.6.4. Business Strategies
- 9.7. Hargreaves Raw Material Services GmbH
- 9.7.1. Quick Facts
- 9.7.2. Company Overview
- 9.7.3. Product Portfolio
- 9.7.4. Business Strategies
- 9.8. Hickman, Williams & Company
- 9.8.1. Quick Facts
- 9.8.2. Company Overview
- 9.8.3. Product Portfolio
- 9.8.4. Business Strategies
- 9.9. Jastrzębska Spółka Węglowa S.A.
- 9.9.1. Quick Facts
- 9.9.2. Company Overview
- 9.9.3. Product Portfolio
- 9.9.4. Business Strategies
- 9.10. Shanxi Coking Coal Group
- 9.10.1. Quick Facts
- 9.10.2. Company Overview
- 9.10.3. Product Portfolio
- 9.10.4. Business Strategies
- 9.11. JINSUN New Material Technology, LTD
- 9.11.1. Quick Facts
- 9.11.2. Company Overview
- 9.11.3. Product Portfolio
- 9.11.4. Business Strategies
- 9.12. KSK Handels GmbH
- 9.12.1. Quick Facts
- 9.12.2. Company Overview
- 9.12.3. Product Portfolio
- 9.12.4. Business Strategies
- 9.13. Mahalaxmi Wellman Fuel Pvt. Ltd.
- 9.13.1. Quick Facts
- 9.13.2. Company Overview
- 9.13.3. Product Portfolio
- 9.13.4. Business Strategies
- 9.14. Mid-Continent Coal And Coke Company
- 9.14.1. Quick Facts
- 9.14.2. Company Overview
- 9.14.3. Product Portfolio
- 9.14.4. Business Strategies
- 9.15. Minchem Impex India Private Limited.
- 9.15.1. Quick Facts
- 9.15.2. Company Overview
- 9.15.3. Product Portfolio
- 9.15.4. Business Strategies
- 9.16. Nexus Coal Corporation
- 9.16.1. Quick Facts
- 9.16.2. Company Overview
- 9.16.3. Product Portfolio
- 9.16.4. Business Strategies
- 9.17. Nilachal Carbo Metalicks Ltd.
- 9.17.1. Quick Facts
- 9.17.2. Company Overview
- 9.17.3. Product Portfolio
- 9.17.4. Business Strategies
- 9.18. Nippon Coke & Engineering. CO., LTD.
- 9.18.1. Quick Facts
- 9.18.2. Company Overview
- 9.18.3. Product Portfolio
- 9.18.4. Business Strategies
- 9.19. OKK Koksovny, a.s. Company
- 9.19.1. Quick Facts
- 9.19.2. Company Overview
- 9.19.3. Product Portfolio
- 9.19.4. Business Strategies
- 9.20. Shanxi Meijin Energy
- 9.20.1. Quick Facts
- 9.20.2. Company Overview
- 9.20.3. Product Portfolio
- 9.20.4. Business Strategies
- 9.21. Rizhao Hengqiao Carbon Co., Ltd
- 9.21.1. Quick Facts
- 9.21.2. Company Overview
- 9.21.3. Product Portfolio
- 9.21.4. Business Strategies
- 9.22. Sesa Goa Iron Ore
- 9.22.1. Quick Facts
- 9.22.2. Company Overview
- 9.22.3. Product Portfolio
- 9.22.4. Business Strategies
- 9.23. SunCoke Energy Inc.
- 9.23.1. Quick Facts
- 9.23.2. Company Overview
- 9.23.3. Product Portfolio
- 9.23.4. Business Strategies
- 9.24. Suvidhi Energy India Private Limited.
- 9.24.1. Quick Facts
- 9.24.2. Company Overview
- 9.24.3. Product Portfolio
- 9.24.4. Business Strategies
- 9.25. Tata Steel Limited
- 9.25.1. Quick Facts
- 9.25.2. Company Overview
- 9.25.3. Product Portfolio
- 9.25.4. Business Strategies
- 9.26. Kailuan Energy Chemical
- 9.26.1. Quick Facts
- 9.26.2. Company Overview
- 9.26.3. Product Portfolio
- 9.26.4. Business Strategies
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