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News South Korea's nine-month Russian coal imports rise in 2022

South Korea's nine-month Russian coal imports rise in 2022

Written by Global Cement staff 25 October 2022
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South Korea: Russia exported 14.9Mt of cement in the first nine months of 2022, up by 31% year-on-year from 11.4Mt in the corresponding period of 2021. Tex Energy Report News has reported that this occurred due to sharp price rises in imported coal from Australia, Canada and Indonesia. Cement producers increased their reliance on these alternative sources of coal after the South Korean government placed sanctions on Russia in March 2022.

Meanwhile in India, Russian coal imports are expected to decline for a second consecutive month in October 2022, by 51% month-on-month to 730,000t. Russian media attributed this to stockpiling by cement market leader UltraTech Cement and others earlier in 2022.

Last modified on 26 October 2022
Published in Global Cement News
Tagged under
  • South Korea
  • Russia
  • Import
  • Export
  • India
  • Coal
  • fossil fuels
  • Sanctions
  • UltraTech Cement
  • GCW580

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