The country's coal imports declined by 11.59 percent to 18.08 million tonnes in the first 10 months (April-January) of the current financial year. This information comes from data from mjunction services, a joint venture between Tata Steel and SAIL. It is a B2B e-commerce company.
It also publishes research reports on the coal and steel sectors. In the first 10 months of FY 2019-20, the country's coal imports stood at 20.5 million tonnes. However, coal imports increased to more than 20 million tonnes in January 2021, from 18.8 million tonnes a year ago. Vinj Verma, MD & CEO, mjunction, said, "January imports were lower than December.
This has happened due to the increase in prices. However, there is a steady demand in the market, But the trend of imports depends on international market prices, transportation rates, and domestic supply. Non-coking coal accounted for 12.7 million tonnes and coking coal accounted for 56.2 million tonnes of the total coal imports in January.
Non-coking coal imports declined to 11.98 million tonnes during April-January in the current financial year from 14.06 million tonnes in the same period of the previous financial year. Coking coal imports during this period stood at 39.1 million tonnes, up from 4.11 million tonnes in the same period of the previous financial year.