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A consistent drop in shipments of thermal coal and raw fertilizers dragged cargo growth of major ports between April and October.
India’s coal imports increased by 9.3 per cent to 126.91 million tonnes (MT) in the first six months of the ongoing fiscal, industry data showed.
Chinese steelmaker profits plunged in the third quarter, hit by soaring costs of iron ore due to falling global supplies of the main ingredient used in steelmaking.
China, the world’s top coal buyer, is on track to boost imports of the fuel by more than 10% this year, traders and analysts said on Tuesday, countering earlier expectations that shipments would be capped by Beijing at the same level as 2018.