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India’s coal imports in May declined 6 per cent due to lacklustre demand from the power sector and sufficient supply of domestic fuel. “Coal imports...stood at 18.15 mt (provisional), against 19.38 mt in May 2016,” said mjunction services, an online procurement and sales platform floated jointly by SAIL and Tata Steel.
CEO of mjunction Vinaya Varma said that there was, however, a 19 per cent increase in met coal volume, as buyers returned to the market after prices crashed and supply from Australia resumed.
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