India’s Tata Steel Ramps up Coal Purchases From Australia, North America

[Epoch-Times-Bot]

India's Tata Steel Ramps up Coal Purchases From Australia, North America

India's largest steelmaker, Tata Steel, is turning to Australia and North America for its coal supplies after the company decided to stop imports from Russia.
This comes in response to the Russia-Ukraine conflict, which has forced buyers to find alternative commodity supplies such as coal, gas, wheat, and corn.
“[Our] last shipment from Russia was delivered in May,” Tata Steel CEO T.V. Narendran said, reported Nikkei Asia.
“For India, we are now importing coal largely from Australia, and for Europe, we are buying … from the United States and Canada.”
Tata Steel previously bought approximately three million tonnes of the commodity a year from Russia. But on April 20, the company said in a statement that it had taken a "conscious decision" to stop doing business with Russia due to the Ukraine conflict....

Source: India's Tata Steel Ramps up Coal Purchases From Australia, North America

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