- Australia, Russia account for 73% of India’s imports
- BigMint’s PHCC index remains firm q-o-q in Q2FY’26
India’s coking coal imports rose 6% q-o-q to 16.9 mnt in Q2FY’26 (July-September 2025) from 16.0 mnt in Q1FY’26, as per BigMint data. The increase was driven by higher inflows from Australia and Russia, supported by consistent demand from Indian steel mills. Compared with Q2FY’25 imports of 14.1 mnt, volumes rose 20%, reflecting increased steel sector capacity and production from the last year.
Australia, Russia lift quarterly inflows
Australia remained India’s top supplier with 9.7 mnt in Q2FY’26, rising from 8.5 mnt in Q1FY’26. Russian shipments grew modestly to 2.7 mnt, from 2.6 mnt. These two origins accounted for 73% of India’s total imports.
The US shipped 1.9 mnt, compared with 2.4 mnt in Q1FY’26, while imports from Mozambique stood at 1.5 mnt, higher than 1.2 mnt earlier. Canada’s supplies rose slightly to 0.6 mnt from 0.5 mnt, while Indonesia’s dropped to 0.5 mnt from 0.8 mnt last quarter.
Steelmakers maintain steady procurement pace
JSW Steel led with 4.2 mnt, up from 3.5 mnt in Q1FY’26. SAIL’s imports rose to 3.6 mnt from 3.2 mnt, and Tata Steel’s increased to 2.9 mnt from 2.2 mnt. RINL imported 1.4 mnt, nearly stable from 1.3 mnt, while Jindal Steel and Power’s intake rose to 1.2 mnt from 0.8 mnt. NMDC’s shipments also increased slightly to 0.8 mnt compared with 0.6 mnt last quarter.
Latest price trends
India’s met coke market stayed stable this week as festive holidays kept trading activity muted. BF-grade (25-90 mm) met coke was assessed at INR 29,900/t ex-Jajpur and INR 30,000/t ex-Gandhidham, while foundry-grade material held at INR 35,500/t ex-Rajkot. Most buyers stayed on the sidelines during Diwali and Labh Panchmi.
Additionally, BigMint’s premium hard coking coal (PHCC) remained largely stable q-o-q at a quarterly average of $200/t CNF India.
Outlook
In the coming months, procurement from India is expected to increase due to post-monsoon restocking by steel mills.
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