India's coking coal port stocks remain largely stable w-o-w - Week 31

• Stocks held by SAIL rise 9% w-o-w, Tata Steel sees 12% drop
  
  
• Indian primary mills lower steel prices for August sales
  
  

Total coking coal stocks at major Indian ports in week 31 stood at around 5.36 million tonnes (mnt), as per BigMint's assessment. Stocks fell by 2% w-o-w compared to 5.45 mnt assessed in week 30.

Company-wise break-up

SAIL's coking coal port stocks rose by 9% w-o-w to 2.09 mnt in week 31 against 1.93 mnt in week 30.

JSW Steel's coking coal stocks remained largely stable w-o-w at 0.32 mnt during week 31 compared to week 30.

Stocks held by Tata Steel dropped 12% w-o-w to 0.93 mnt in week 31 from 1.05 mnt in week 30.

Port-wise break-up

At Haldia Port, coking coal stocks remained largely stable at 1.38 mnt in week 31.

Paradip Port's stocks increased by 14% w-o-w to 1.29 mnt in week 31 from 1.14 mnt in the previous week.

Dhamra Port's coking coal stocks dropped by 4% at 1.17 mnt in week 31.

Market overview: Some Indian flat steel producers have reduced list prices of hot rolled coils (HRCs) and cold rolled coils (CRCs) by around INR 1,000-2,000/t ($12-24/t) m-o-m with effect from 1 August. One private mill has rolled over prices against end-July. A few mills have also extended rebates of around INR 500-750/t ($6-9/t) for July sales, BigMint learnt from industry sources.