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✔️ Coking coal import traffic down 9% in April-Feb FY 2024-25.
✔️ Reduced steel production and reliance on domestic coal cited as key factors.
✔️ Market expects recovery in coal demand with infrastructure growth.
India’s coking coal import port traffic dropped by 9% year-on-year in the April-February period of FY 2024-25, according to the Ministry of Ports, Shipping and Waterways. The decline reflects reduced demand from domestic steelmakers amid weak global steel prices and production cuts.
During the 11-month period, India’s major ports handled approximately 49.8 million tonnes of coking coal, down from 54.7 million tonnes in the same period last year. The slowdown was particularly visible at major ports like Paradip, Visakhapatnam, and Dhamra, which saw a sharp reduction in import volumes.
Industry experts attribute the decline to lower steel production and higher reliance on domestic coal reserves. “Steel mills have adjusted production levels in response to weaker global demand and shrinking margins,” a senior industry analyst said.
Despite the decline, market participants expect a rebound in the coming months as steel production ramps up to meet infrastructure and construction demand in the next fiscal year.
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