India’s coal import drops 35% in August on lower demand from power, cement players
New Delhi: India’s coal import declined by 34.9 per cent to 12.46 million tonnes (MT) in August on account of subdued demand for the dry fuel from consuming sectors like power and cement. The country imported 19.14 MT of coal in August last year, according to provisional compilation by mjunction, based on monitoring of vessels’ positions and data received from shipping companies.
mjunction, a joint venture between Tata Steel NSE 0.10 % and SAIL, is a B2B e-commerce company that also publishes research reports on coal and steel verticals.
