Annual Met coke import to India fell second time in a row. Steel producers are shifting to import of raw material (coking coal); catalyze downfall. Monthly import fell by 76%.
India, amongst the prime purchaser of Chinese Met coke, has imported 3 MnT of Met coke annually; lowest among last three years (SteelMint data). The nation’s monthly import of coke was also the lowest in the last month of the fiscal. SteelMint overviewed that India imported aggregate about 0.08 MnT of material in Mar’16. Import fell by 76% on monthly comparison. Whereas, import from China fell by 96% in a month’s time.
Qty in Mnt
Source-SteelMint
Yearly stats
According to SteelMint’s analysis, the total Met coke imported by the country was around 3 MnT for FY16 against FY15. The quantity lessened by 9% Y-o-Y and was assessed at 3.3 MnT in FY’15. Met coke import to the country was assessed at 4.25 MnT in FY14.
Russian coke is available in the range 140-150 CFR India, depending upon quantity, quality and landed port in India. Whereas, Chinese met coke is assessed around USD 130-132/MT CFR India for 64% CSR.
[su_quote]One of the Indian Importer told to SteelMint that” Currently strong domestic demand for Met coke is prevailing in China which has incited price rise. However, the buyers are ready to pay high price still material is unavailable. This has compelled Indian Steelmakers to go for other alternatives”. A probable reason for increase in Russian met coke.[/su_quote]
Month- Mar’16
Source-SteelMint
[su_quote]While the other said” We are obtaining Met Coke from Russia not on account of material shortage or price consideration,but on the grounds that the Russian Met Coke suits better to blast furnace”. [/su_quote]
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