Steel output to dip as coking coal imports fall by 14.52% to 3.61 MT
The country's crude steel production in November was down by 2.8 per cent to 8.9 MT, compared to the production figure of November 2018. In October, India had reported a 3.4 per cent 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 per cent over the corresponding period of the previous fiscal, when it recorded an import of 46.46 MT. An analyst said if coking coal import declines sharply indications do not augur well for steel production in the coming months.