Coking Coal Imports in India Down by 7.3% in July’16 M-o-M

Coking coal imports into India was lower by 7.3% in July’16 against that in the previous month.

In July’16, the imports into the country were lower at 4.03 MnT in comparison with 4.35 MnT, imported in Jun’16.

Imports of the coal variant now depend on whether the Government of India will decide to continue imposition of the Minimum Import Price (MIP) on imports of a section of steel products, after the expiry of the MIP tenure on 5Aug’16. If continuation of the MIP is not done, imports of finished steel products will again rise, and domestic steel production will be hampered that will negatively impact Coking coal imports into the country.

Source: SteelMint Research

Conforming the regular trend, Australia accounted for the largest share in the imports of the coal variant during the month under consideration.

Source: SteelMint Research

During the month, the Paradip port had handled the highest volume of imports, followed by Mormagau and Haldia ports.

Source: SteelMint Research