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Updated Wednesday, March 10, 2010 10:57 am TWN, Bloomberg

Taiwan Jan. coal imports rise 22% on steel demand

TAIPEI, Taiwan -- Taiwan, which imports all of its coal needs, increased purchases for a second consecutive month in January on higher demand from steel and electricity producers. Shipments rose 22 percent from a year earlier to 4.83 million metric tons, after climbing 2.4 percent in December, an e-mailed report from the Bureau of Energy in Taipei showed yesterday. Consumption surged 23 percent to 5.15 million tons in January.

Coal, which fuels about 45 percent of Taiwan's power output, is also used in steelmaking. Imports climbed as electricity sales at Taiwan Power Co., the island's monopoly grid operator, rose 14 percent in January. China Steel Corp., Taiwan's biggest maker of the metal, reported on Feb. 10 an 80 percent increase in January sales.

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