Indian Coal Imports in H1 of 2019-20 Surge by 9% YoY
Source: Steel guru,
November 6, 2019
According to a provisional compilation by mjunction services, India's coal imports rise 9.3% to 126.91 million tonnes in April-September period of FY 2018-19 as compared to 116.04 million tonne in April-September period of FY 2018-19. mjunction MD and CEO Mr Vinaya Varma said "Although domestic coal production has seen a negative growth in recent months, the late monsoon has affected demand from the power and other consuming sectors, leading to slackness in import demand for thermal coal."
Imports in September 2019 stood at 18.62 million tonne (provisional) as compared to 19.14 million tonne (revised) imported in August 2019. Of the total imports in September 2019, non-coking coal was at 12.23 million tonne against 12.38 million tonne imported in August 2019. Coking coal imports were at 4.59 million tonne in September 2019, almost unchanged from 4.58 million tonne imported a month ago.
News Source: STEEL GURU