Coal imports rose to 78.7 million tonnes (MT) during April to July this year. According to mjunction services- a joint venture between Tata Steel and SAlL, this was a substantial increase of 11.9% from 70.3 MT during the same time last year. Coal imports increased to 42% in July YoY.
Imports in July
‘Coal import (all types of coal) in July 2018 stood at 20.79 million tonnes (MT) (provisional), higher than 18.75 MT (revised) in June 2018 and also higher than 14.64 MT (revised) in July 2017,’ mjunction services stated.
‘Steam coal imports went up in July as the power plants continued to face shortage despite the best efforts by domestic miners to mitigate the gap. Also, there was a slight easing of prices in the international markets and expectation of further corrections, going forward, prompted the buyers to take fresh positions,’ mjunction CEO Vinaya Varma told.
Imports- comparison
Imports were at 203.95 MT during 2015-16. It decreased to 190.9 MT during 2016-17 and increased to 208.27 MT during the next fiscal.