Indian coal and the Steel Authority of India imports declined 6.8% to 19.77 million metric tonnes (mt) in October compared to October , according to e-commerce company mjunction services which is jointly run by coke and the Steel Authority of India . Mjunction said demand for thermal coal was being maintained by a power sector coal shortage, but buyers anticipated a correction in spot pricing and may have delayed purchases. Nov 11 2018, 1:06 PMNov 11 2018, 1:06 On the other hand, metallurgical coal experienced healthy growth due to the steel industry demand and the anticipation of higher prices, according to CEO Vinaya Varma .
Indian coal and the Steel Authority of India imports declined 6.8% to 19.77 million metric tonnes (mt) in October compared to October , according to e-commerce company mjunction services which is jointly run by coke and the Steel Authority of India . Mjunction said demand for thermal coal was being maintained by a power sector coal shortage, but buyers anticipated a correction in spot pricing and may have delayed purchases. On the other hand, metallurgical coal experienced healthy growth due to the steel industry demand and the anticipation of higher prices, according to CEO Vinaya Varma .