Met Coke Imports in India Down 20% M-o-M in Jun’18

In Jun’18, metallurgical coke imports in India fell by 20% in comparison with the imports in May’18, an analysis on the import data maintained by CoalMint Research revealed.

This substantial downslide in the country’s import volumes can be primarily attributed to the steep rise in the global import offers of the steelmaking raw material on account of the escalating coking coal prices in the international commodity markets.

In Jun’18, around 0.41 MnT of met coke was imported in India as compared to the imports of around 0.52 MnT in the preceding month.

Moreover, compared with the corresponding volumes in the same month of the last fiscal, the Jun’18 imports were also lower than the imports of around 0.45 MnT in Jun’17.

Source: CoalMint Research

A country-wise break-up of the monthly import data shows that the majority of the imports were from China, accounting for approximately 46% share; however, Indian imports from China had plunged significantly during the last month.

Following China, the imports from Australia accounted for around 21% share.

Imports from Colombia accounted for around 10% in the share of the total met coke imports in India during Jun’18.

Source: CoalMint Research

Among the various ports in India, the Haldia port had handled the highest volume of import traffic during the month of Jun’18; followed by the Mangalore and Paradip ports.

Source: CoalMint Research

During the month under consideration, Kalyani Steels Ltd. was the highest importer with 73,839 MT of imports; followed by JSW Steel and Atibir Industries with the respective imports of 58,760 MT and 53,160 MT. Other notable importers during the month included RINL, Jindal Steel & Power, and Tata Steel among others.