India Cuts November Coal Imports by 13 Percent

Bloomberg reported that India cut its coal imports by 13 percent in November.

As quoted in the market report:

Adani Enterprises Ltd. (ADE), Bhatia International Ltd., Tata Power Co. (TPWR) and Steel Authority of India Ltd. were among buyers who received 9.25 million metric tons of steam coal and 2.33 million tons of the coking variety, according to Interocean Group, a New Delhi-based ship broker that provided the information. October shipments were 13.3 million tons.

To view the whole Bloomberg report, click here.