India’s coal imports registered a decline of 14.1 per cent to 17.01 million tonnes (MT) in February in the wake of the coronavirus outbreak, as per industry data.
The country’s coal imports in February last year stood at 19.82 MT, according to a provisional compilation by mjunction services, based on monitoring of vessels’ positions and data received from shipping companies.
mjunction — a joint venture between Tata Steel and SAIL — is a B2B e-commerce company which also publishes research reports on coal and steel verticals.
“In line with expectations, coal import volumes staged a decline during the month of February due to increased domestic availability, volatility in non-coking coal prices as well as uncertainty arising from…coronavirus epidemic,” mjunction MD and CEO Vinaya Varma, said.
