Tag: India coal supply crunch

With limited imported coal stock at Gangavaram Port, South African RB2 (5500 kcal/kg NAR) grade coal offers rose by INR 1,500/t w-o-w to INR 23,500/t. However, weak trade volumes impacted sentiments with sponge iron manufacturers adopting a wait-and-watch mode, and traders, on the other hand, kept to the sidelines averting offers amid limited vessel arrival…