Monday, 16 Jan 2012
Motilal Oswal has given its views on December 2011 cargo traffic. The same is as follows
In October 2011, coking coal imports grew 80% YoY to 2.6 million tonnes (v/s 1.3 million tonnes YoY), primarily due to the increase in steel production. Non coking coal imports grew 100% YoY to 3.5 million tons (v/s 1.7 million tonnes YoY).
The overall domestic non coking coal production declined during the month, given (1) 15 day delay in production at Coal India due to the lag effect of the monsoons, and 1 day strike, (ii) strike in the Andhra region, due to prevailing Telangana issue. Overall availability of non coking coal dropped in the domestic market, leading to greater use of imported coal.
(Sourced from IRIS)
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment