Categories: Business

Coal import drops by 20 percent in May


Coal Import

new Delhi. During May, coal imports in the country fell 20 percent over the previous year to 18.9 million tonnes. According to the data, coal imports in May last year were 23.5 million tonnes. This information was obtained from the latest mjunction report. Mjunction is a joint venture company of Tata Steel and SAIL which provides online buying and selling platform between companies. It also issues its report on coal and steel business. The coal imported in May 2020 contained 1.32 million tonnes of non-coking coal.

According to experts, the demand for imported coal is expected to remain soft for some time. At present, there is a large stock of coal at the coal mines and power stations in the country. Managing Director Vinay Verma said that the demand for imported coal is likely to remain soft during the short term. '

According to the report, this time coal imports have improved by 10.76 percent as compared to 17.7 million tonnes in April. Due to Kovid-19, restrictions on movement across the country started getting exempted from May due to which imports have increased. According to the report, imports have improved in May also due to the continuing trend in the international coal prices.

This post was published on June 7, 2020 4:16 pm

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