Taiwan, which imports all of its coal, increased purchases of the commodity for the first time in eight months after the island’s biggest steelmaker boosted shipments.

Taiwan’s coal imports rose 0.5 percent in June from a year earlier to
5.26 million metric tons, the Bureau of Energy said in an e-mailed
report yesterday. Consumption dropped 4.8 percent to 5.32 million tons.

Coal, a fuel accounting for about 45 percent of Taiwan’s power
production, is also used in steelmaking. Imports in June last year fell
because of the stoppage of a steel plant, the bureau said. China Steel
Corp., Taiwan’s biggest maker of the metal, shut its No. 1 blast
furnace for part of June last year because of a faulty cooling box.

The mill, which can produce 11 million tons of crude steel a year, said
it lost output of between 100,000 tons and 150,000 tons of steel slabs
because of the closure.

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Source: China Post

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