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 and SAIL, is a B2B e-commerce company that also publishes research reports on coal and steel verticals.
Also, the first five months of the current fiscal saw 32.51 per cent decline in coal import at 73.08 MT, over 108.29 MT during the year-ago period, it said.
