Indian steel market slowdown concern for met coal trade

摘要

London—Steel producer Tata Steel this week was the latest company to cite weaker liquidity in the economy hitting Indian steel demand. The Indian market’s current capital challenges, highlights market concerns around post-monsoon steel raw materials demand into the country, one of the world’s largest coking coal importers. Indian met coal buyers and traders positioning for Indian steel and coke customers looked to have reduced spot activity so far this year. Tata Steel said Wednesday that, during April-June, the economy suffered “liquidity issues.”