30.03.2026, 11:55
Russia has noticed new problems with coal
Source: OREANDA-NEWS
OREANDA-NEWS India will increase purchases of metallurgical coal from Russia in fiscal year 2026 (from April 1 to March 31), but such an increase will not compensate for the decline in sales to China. Kommersant writes about this with reference to market participants.
According to BigMint analysts, shipments to India by Russian manufacturers will grow by eight percent, to 23.8 million tons, which will allow them to take second place after Australia (39.6 million tons). The United States will remain third with a score of 10 million tons.
In total, the import of metallurgical coal to this country will increase by nine percent due to the expansion of metallurgical production. Indian coking coal produces too much ash, which forces producers to turn to foreign suppliers.
To increase exports, companies from Russia are increasing discounts, which affects profitability, but remains an uncontested option amid falling sales to China. The source of the publication in the market indicates that the scale of ferrous metallurgy in China is too large to compensate for the difficult situation in it with other export directions.
In February, imports of coking coal to China fell by 31.4 percent compared to January, to a nine-month low. Steel production, according to the World Steel Association (WSA), decreased by 3.6 percent in January-February.
Oleg Yemelchenkov, Associate Director for Corporate Ratings at Expert RA Agency, notes that Vietnam, Malaysia, Pakistan, Taiwan and Turkey look like promising markets for Russia. All these countries depend on the import of raw materials and are developing their metallurgy. However, the expert is sure that discounts on supplies from Russia will remain in all variants.
Earlier it was reported that Russian coal mining companies are facing a shortage of gondola cars, which makes it difficult for them to fulfill their coal loading plans.
According to BigMint analysts, shipments to India by Russian manufacturers will grow by eight percent, to 23.8 million tons, which will allow them to take second place after Australia (39.6 million tons). The United States will remain third with a score of 10 million tons.
In total, the import of metallurgical coal to this country will increase by nine percent due to the expansion of metallurgical production. Indian coking coal produces too much ash, which forces producers to turn to foreign suppliers.
To increase exports, companies from Russia are increasing discounts, which affects profitability, but remains an uncontested option amid falling sales to China. The source of the publication in the market indicates that the scale of ferrous metallurgy in China is too large to compensate for the difficult situation in it with other export directions.
In February, imports of coking coal to China fell by 31.4 percent compared to January, to a nine-month low. Steel production, according to the World Steel Association (WSA), decreased by 3.6 percent in January-February.
Oleg Yemelchenkov, Associate Director for Corporate Ratings at Expert RA Agency, notes that Vietnam, Malaysia, Pakistan, Taiwan and Turkey look like promising markets for Russia. All these countries depend on the import of raw materials and are developing their metallurgy. However, the expert is sure that discounts on supplies from Russia will remain in all variants.
Earlier it was reported that Russian coal mining companies are facing a shortage of gondola cars, which makes it difficult for them to fulfill their coal loading plans.
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