Understanding Import Dependence of Coal in India & Examining Domestic Market Scenario for Imported Coal w.r.t. Demand from Steel Industry

Coal Import Dependence of India India historically has been an importer in terms of coal and has seen magnanimous growth in numbers from FY 2004 to FY 2016. Further the imports have grown ten folds from 21.7 Mt from 2004 to 210 Mt until December 2016. The share of India’s thermal & metallurgical has been third and second respectively among global importers in FY 2016-17 (till December 2016). Globally there has been a resurgence in Chinese steel production this year as compared to last year witnessing marginal growth in their coking coal imports. Whereas in India the met coal imports have gone done by 4 Mt from FY 2015-16 levels in FY 2016-17 owing to slowdown in steel production. Thermal coal imports have also seen a downfall by 10 Mt in FY 2016-17 from FY 2015-16 levels in India courtesy the falling in thermal power plants PLFs and lower generation owing to subdued demand in the country. However, there was a consistent surge in numbers from FY 2004 till FY 2015 which witnessed a first downfall only in  FY 2016 though not by big quantum on the whole. Coal Dependence- The Year on Year Track Recent trends show an increasing

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*The views expressed in this article are solely those of enincon perspectives and do not necessarily represent those of Enincon LLP.