Coal imports expected to drop on increased domestic availability
Coal imports saw a significant rise in November. This increase was driven by winter stocking by steel mills and weak seaborne prices. However, industry data suggests a coming decline in imports. This shift is attributed to greater availability of ...
Imports in November rose to 25.07 million tonnes (MT) as against 19.57 MT imported in November 2024, according to data compiled by mjunction services, a B2B e-commerce platform and joint venture of SAIL and Tata Steel.
"There was an uptick in volumes in November mainly due to winter restocking by steel mills. Also, some buyers took fresh positions as seaborne prices remained weak. In coming months, however, we expect to see a drop in imports due to increased domestic availability," mjunction MD & CEO Vinaya Varma said.
Of the total imports in November 2025, non-coking coal import stood at 14.28 MT, higher than 12.32 MT imported in November last fiscal year. Coking coal import stood at 6.51 MT, compared to 4.25 MT recorded for the same month last financial year.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.