China more than doubled imports of steel-making coal from Russia in March, procuring the fuel at a discount as other nations move to ban deliveries due to the war in Ukraine. Coking coal imports from Russia jumped to 1.4 million tons in March, compared to 550,000 tons for the same month last year and 1.1 million tons in February, according to Chinese customs data. Imports of thermal coal, used for power generation, fell as mild weather curbed demand and China boosted domestic output. China is taking advantage of steep discounts to Russian coal, as other buyers — like Japan and the European Union — move to ban imports of the fuel. While Russian coal prices increased modestly in the last year, they’re still well below rates from other suppliers, like Indonesia and Mongolia. While China is moving to drastically […]