Met Coke Imports into India Jump 60% M-o-M in Oct’16 on Anti Dumping Duty Prospect, Uncertain Coking Coal Prices

In Oct’16, Met Coke imports, month-wise, into India were the highest during FY17, at 0.56 MnT. The imports had risen remarkably due to the prospect of imposition of Anti Dumping Duty on the imports by the Government of India.  Also, the uncertainty posed by the rising Coking Coal prices had prompted Indian buyers to book import consignments to restrict cash out-go if the coal prices rise further.

According to CoalMint Research, the imports during the month had escalated by around 60% over that of 0.35 MnT in Sep’16.

Source: CoalMint Research

ORIGIN-WISE MET COKE IMPORTS IN OCT’16

Conforming to the regular trend, imports from China accounted for the largest share in the total imports during Oct’16.

Source: CoalMint Research

Amongst the ports in the country, the Hazira port had handled the highest volume of import traffic during the month, followed by the Paradip and Mormugao ports.

Source: CoalMint Research

The importers in the country during the month were: Tata Steel, Jindal Steel and Power, Visa Steel, Indian Metals and Ferro Alloys,  Bhushan Steel and Power, JSW Steel, Essar Steel, Hindustan Zinc, Rohit Minerals, among others.