China Power and Steel Plants Import Large Amounts of Coal in June, Ignoring Government’s Hope

SHANGHAI, Jul. 26 (SMM) – Power and steel plants in China, in order to reduce cost, still imported large amounts of coal from Mongolia and Russia in June, though the country’s government hopes to reduce coal imports.

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China imported 3.71 million tonnes of coal from Mongolia in June, up 58.9% YoY, and imports from Russia expanded 41.7% YoY to 2.57 million tonnes.

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