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A dip in country's steel output is set to become more prominent in the coming months with declining imports of coking coal, a key raw material for the metal production, industry analysts said.
Coking coal imports in November declined by 14.52 percent to 3.61 million tonnes (MT), against 4.22 MT in the same month last fiscal, Iman Resources said. The country's crude steel production in November was down by 2.8 percent to 8.9 MT, compared to the production figure of November 2018.
In October, India had reported a 3.4 percent fall in crude steel output at 9.089 MT as against 9.408 MT in the same month in the previous fiscal, according to a global body.
Till November, import of coking coal in the current fiscal was 44.09 MT, recording a dip of 5.11 percent over the corresponding period of the previous fiscal, when it recorded an import of 46.46 MT.
A dip in country's steel output is set to become more prominent in the coming months with declining imports of coking coal, a key raw material for the metal production, industry analysts said.
Coking coal imports in November declined by 14.52 percent to 3.61 million tonnes (MT), against 4.22 MT in the same month last fiscal, Iman Resources said. The country's crude steel production in November was down by 2.8 percent to 8.9 MT, compared to the production figure of November 2018.
In October, India had reported a 3.4 percent fall in crude steel output at 9.089 MT as against 9.408 MT in the same month in the previous fiscal, according to a global body.
Till November, import of coking coal in the current fiscal was 44.09 MT, recording a dip of 5.11 percent over the corresponding period of the previous fiscal, when it recorded an import of 46.46 MT.