Tata Steel Seeking Alternative Options For Coal Imports Amid Russia-Ukraine Conflict
NDTV
Amid the ongoing Russia-Ukraine conflict, Tata Steel is looking at alternative markets for coal imports as uncertainty prevails with Russian suppliers
Amid the ongoing Russia-Ukraine conflict, Tata Steel Limited is looking at alternative markets for coal imports as uncertainty prevails with its Russian suppliers and bankers.
Tata Steel's managing director T V Narendran said on the sidelines of an industry event in Kolkata on Saturday, that the geopolitical situation after Russia's invasion of Ukraine has also opened up steel export opportunities in Europe, following a supply vacuum of 45 million tonnes for the metal left by Russia and Ukraine in the continent.
Therefore he informed that Tata Steel will look at alternative markets for coal imports to de-risk. "There are a lot of uncertainties with Russian suppliers and bankers at present,” Mr Narendran said.
The steelmaker used to buy 10-15 per cent of its coal requirements from Russia for use in pulverised coal injection, he said.
