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russia coal imports: Met coal imports from Russia jump nearly three-fold in last 3 fiscals

India s metallurgical coal imports from Russia have increased by three-fold in the last three years, reaching 15.1 million tonnes in 2023-24, mainly due to lower prices. This increase is attributed to lower prices, which are cheaper for domestic steel players. Australia, a major supplier of met coal to India, has seen a decline in its exports to India. The rise in imports is attributed to "cost-benefit" reasons, as imports from Russia are costing less to domestic steel players.

Met coal imports from Russia up nearly three-fold in last 3 financial years

Met coal imports from Russia up nearly three-fold in last 3 financial years
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Met coal imports from Russia jump nearly three-fold in last 3 fiscals

Met coal imports from Russia jump nearly three-fold in last 3 fiscals
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Coking Coal Imports From Russia Jump 3-fold In Last 3 Years: Report

Imports of metallurgical coal from Russia have spurted around three-fold in the last three years to around 15.1 million tonnes in 2023-24 mainly due to lower prices while the same from Australia have declined, according to a research firm.

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