Indian steel producer Tata Steel has tested Russian coking coal samples in hopes for usage in blast furnaces, local media reported, citing T V Narendran, the company's managing director and chief executive officer.
The testing will likely undermine monopoly of Australia in its coking coal supply to Indian steel industry in the future if it is proven successful, which will be of great significance to the country's steel sector.
India imported 51.83 million tonnes of coking coal in the 2019-2020 fiscal year ending March 2020, with 80% from Australia and the rest from South Africa, Canada and US, showed data from Indian Ministry of Commerce and Industry.
"We have imported some coking coal cargoes from Russia, and the east coast of Russia is a good source," said Narendran. "Indian government suggests us to take Russia as a source of coking coal imports, in order to reduce reliance on Australian cargoes."
He said Australia is always exposed to cyclone and weather issues. "We should have multiple options in all perspective of consideration," he said, without revealing related information about the samples test.
Tata Steel has 11 million tonnes per annum (Mtpa) of production capacity at its plant at Jamshedpur in Jharkhand and 3 Mtpa of capacity at the plant at Kalinganagar in Odisha.
(Writing by Tammy Yang Editing by Harry Huo)
For any questions, please contact us by firstname.lastname@example.org or +86-351-7219322.