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October coal imports showed a mixed trend: coking coal imports rose while overall imports declined.
Summary
In October, India's overall coal imports declined due to increased domestic production. However, coking coal imports rose as steel mills restocked for the winter season. Future import trends are expected to be lower.
Key Points
- Overall coal imports declined in October.
- Coking coal imports increased in October.
- Steel mills were restocking coking coal.
- The rise in coking coal imports was driven by winter restocking.
- Future imports are projected to be lower due to rising domestic production.
Full Article
October coal imports saw a mixed trend. Overall shipments fell as domestic supply increased. However, coking coal imports rose significantly. Steel mills restocked for winter. Future imports are expected to be subdued due to higher domestic production.
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