India is buying more U.S. coking coal after disruptions in top supplier Australia, and as U.S. miners seek new markets due to declining demand from America’s steel industry, an executive at Xcoal Energy & Resources India said on Monday.
Interruptions to Australian supply have worsened in the past few years, driving Indian steelmakers to seek new sources of coking coal, Durgesh Pathak, Xcoal marketing manager, said. “On the Australian side, there have been a lot of challenges in terms of breakdown at the mines,” Pathak told Reuters on the sidelines of the Coaltrans conference in Bali.
“Also Australia is becoming more unpredictable in terms of cyclones,” he said. Xcoal, a privately held coal marketing and logistics company, is headquartered in the United States. Read More
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