India imported 162.46 million tons of coal in the 2022-2023 fiscal year (ending 31 March), an increase of 30% compared to the previous fiscal year. In this respect Wrote Pioneer newspaper.
According to the publication, coking coal purchases from abroad increased by 5.44% to 54.46 million tons in the period under review.
At the same time, in March 2023 alone, India increased its non-coking coal imports by 10% compared to March 2022. The figure reached 13.88 million tons in March this year. 16% less coking coal was imported; In March 2023, India imported 3.96 million tons of raw materials.
As stated in the publication, India is one of the five largest coal producing countries in the world. However, some of the coal demand is met by imports by India as the country is also one of the main consumers of dry fuel. According to the publication, India remains heavily dependent on imports for coking coal, an important raw material used in steelmaking.
May 4, Vedomosti newspaper knowledgeableIt was reported that the coking coal export volume of Russia increased by 44% compared to the same period of the previous year and reached 17.9 million tons by the end of March 2023. The main reason for such dynamics was the increased demand for such products from Asian countries, including India and China.