India’s Coal imports in first 7 weeks started in a better shape over the previous. It might be a signal for better imports in the months to come.
India is 3rd largest Coal importing country in the world. Its overall import for the first 7 weeks of 2014 was about 19.2 MnT. Its Coking Coal imports were around 4 MnT while Non-Coking Coal was at 15 MnT.
About 33 major and minor ports were considered for Coal import to the country. Major import was seen at Mundra port, Gangavaram port, Vizag port, Paradip port and Krishnapatnam port. Indonesia, Australia and South Africa were the major Coal suppliers to the country.
Major Coal importers of the country were Adani Group, JSW Steels and Essar Steels with about 1.5 MnT, 1 MnT and 0.7 MnT of imports in Jan, 2014.
Steel Authority of India (SAIL) has imported about 1.2 MnT Coal in the first 7 weeks of 2014, while JSW Steels have imported about 1.3 MnT for the same period.
India’s Coal import has witnessed little growth in its initial weeks of the calendar year 2014 giving hints of further increase in imports during the year. Mostly demanded by the steel and power industry of the country, Coal has always been in great demand. Country’s production of 562.4 MnT in 2013 was not able to fulfill the demand-supply gap scenario resulting in increased Coal imports.