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Thursday, 10 September 20
INDIA'S COAL IMPORTS STUMBLE IN AUGUST, RAISING RISK OF SLOW RECOVERY - REFINITIV | BANCHERO COSTA
Banchero CostaAfter posting a mild recovery in July, India's coal imports have stumbled in August as the South Asian nation battles to  restart  its  economy  amid the ongoing coronavirus pandemic. India's imports of both thermal coal, used in power stations,  and  coking coal, used to make steel, are estimated at around 12.2 million tonnes  in August, according to Refinitiv vessel-tracking and port data. 
 
India's coal imports were hit hard by the economic lockdowns imposed from March onwards to combat  the spread of the novel coronavirus in the world's second-most populous nation and second-biggest coal importer. July's imports were recovery from June's 8.8 million tonnes, the lowest since Refinitiv started assessing shipments in January 2015. It's worth noting, though, the July volume was still down 17% from the same month in 2019.


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