The country’s coal imports surged 20% to 19.90 million tonnes in May

Coal imports rose 20.4 per cent to 19.90 million tonnes. This information is provided in the mjunction services data. India’s coal imports were 16.50 million tonnes in May last year. “India’s coal and coke imports increased by 20.4 per cent in the same month last year. In May 2021 imports were 199 million tonnes, up from 16.5 million tonnes in the same month last year.

Coal imports are likely to remain sluggish during the rainy season due to weak demand and high freight charges, according to Munction Services. In the first two months of the current fiscal, coal imports rose 25.4 per cent to 42.10 million tonnes, up from 33.6 million tonnes in the same period last fiscal. The share of non-coking coal in total imports was 13.6 million tonnes in May compared to 10.5 million tonnes in the same month last year. At the same time, the import of coking coal increased from 31.8 lakh tonnes in May 2020 to 44.1 lakh tonnes.

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Coal-free coal imports stood at 289 million tonnes in April-May, compared to 22.8 million tonnes in the previous fiscal. The import of coking coal during the period was 91.5 lakh tonnes, up from 64.1 lakh tonnes in the first two months of the previous financial year. mjunction services ltd. Chief Executive Officer (CEO) Vinay Verma said, “Coal imports fell on a month-to-month basis in May due to higher prices and better availability in the domestic market. Imports are sluggish during the rainy season due to weak demand, high prices and high freight charges. mjunction is a joint venture between Tata Steel and SAIL. It is a B2B B2B e-commerce company that also publishes research reports on coal.

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