Chinese Steelmakers Buy Record Amount of Mongolian Coal After Mine Closures

(Bloomberg) — China bought a record amount of coal from neighboring Mongolia last month as steel mills looked to cover a shortfall of the fuel after a spate of fatal mining accidents.

Deliveries in November hit 7.9 million tons, more than double the figure of a year earlier, according to customs data, which helped lift China’s total imports for the month to record levels.