Indian coal and coke imports declined 6.8% to 19.77 million metric tonnes (mt) in October compared to the year before, according to e-commerce company mjunction services which is jointly run by Tata Steel and the Steel Authority of India. The decline was mainly due to a drop in shipments from China as well as India, said an official at the company. 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 coke imports declined 6.8% to 19.77 million metric tonnes (mt) in October compared to the year before, according to e-commerce company mjunction services which is jointly run by Tata Steel 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.