- JSW, SAIL remain leading buyers
- Russian coking coal imports surge
India’s coking coal imports stood at 4.9 million tonnes (mnt) in May 2025, down 6% from 5.2 mnt in April, as per BigMint data. The decline is largely attributed to lower shipments from Australia and the US, despite improved inflows from Russia and Indonesia.
Imports by source
Australia remained the top exporter with 1.9 mnt in May, down from 3.0 mnt in April. Russian volumes rose sharply to 1.5 mnt from 0.7 mnt, and the country regained the second spot among exporters. Imports from the US fell to 0.6 mnt from 0.9 mnt, while Indonesia and Mozambique each contributed 0.3 mnt. Canada’s share rose modestly to 0.2 mnt.
Leading receivers
JSW Steel retained its lead as the top importer for the second straight month with 1.5 mnt in May, up from 1.2 mnt in April. SAIL also ramped up intake to 1.3 mnt from 0.9 mnt. Tata Steel maintained stable imports at 0.8 mnt. Rawmet Commodity’s share rose to 0.3 mnt, equalling Jindal Steel and Power’s total for May.
Latest price trends
BigMint’s premium hard coking coal (PHCC) index edged down by $2/t to $212/t CNF Paradip on 31 May against 15 May, despite active Australian bookings. Two deals were heard at $214/t CFR, one each by mills in western and southern India. Non-Australian offers remained limited, with Canadian cargoes quoted at lower prices. Meanwhile, met coke prices dropped to a five-month low of INR 31,500/t ex-Jajpur towards the end of May. China’s coke market also weakened amid oversupply and demand pressure.
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