Coal imports seen declining in coming months

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On account of various factors like the prevailing Covid situation, high coal stock in the system and higher international prices, Indias coal imports are expected to be subdued in the coming months, said mjunction services, a joint venture between Tata Steel and SAIL. It is a B2B e-commerce company that also publishes research reports on the coal and steel verticals.

The countrys coal import fell 12.62 per cent to 215.92 million tonnes (MT) in FY21 from 247.10 MT in FY20, according to a provisional compilation by mjunction based on monitoring of vessels positions and data received from shipping companies. During FY21, non-coking coal import was at 141.02 MT as against 170.75 MT during FY20. Coking coal import was recorded at 49.44 MT, flat against 49.17 MT imported in FY20, as per a report.