Author: Damini Sahu
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Indian market rejects expensive US thermal coal as cement sector switches fuel
Weak demand, rising port inventories push US coal prices lower Buyers shift to cheaper domestic and alternative coals Rapid rise, faster fall Barely two weeks ago, the market for US-origin high calorific value thermal coal in India was defined by scarcity and speculation. Prices at the west coast ports of Kandla and Tuna had climbed…