Indian Coal Imports Spike

Bloomberg reported that Indian imports of coking and thermal coal rose by 18 percent during the period of September-April, year-over-year.

As quoted in the market report:

Asia’s third-largest economy imported 102.853 million tonnes of thermal and coking coal in the 2011/12 fiscal year, jumping nearly 50 percent from a year earlier, the figures given to Reuters on Tuesday showed.

To view the whole Bloomberg report, click here.