Tata Steel Tests Coking Coal Samples From Russia For Producing Steel: CEO Narendran

The country imports about 56 million tonnes (MT) of coking coal worth around Rs 72,000 crore

Tata Steel has tested coking coal samples from Russia for making steel through the blast furnace route, Managing Director and Chief Executive Officer TV Narendran said. The development assumes significance in the domestic steel industry as a fruitful result of the experiment would break the monopoly of Australia in coking coal supply to India.

According to official data, the country imports about 56 million tonnes (MT) of coking coal worth around Rs 72,000 crore. Out of this, about 45 MT is imported from the continent nation alone.

“We have imported some coking coal from Russia. The east coast of Russia is a good source,” Mr Narendran told PTI.

The CEO said this while replying to a question related to the company’s contribution to the steel ministry’s ongoing efforts to reduce India’s dependence on select countries for sourcing of coking coal.

Earlier, the ministry asked the steel makers to get coking coal from Russia and test the raw material at their plants and update on the result of the same.

Coking coal is a key raw material used for making steel using the blast furnace route, besides iron ore.

“We support the government’s initiative to look at Russia as a source (of coking coal). It is a good option for us to have, otherwise we are overdependent on Australia,” he said.

He added that Australia also often has cyclone and weather issues. “For many reasons, it is good for us to have more than one option. We have explored and tried out some material.”

.

Tata Steel produces steel using blast furnace at its 11-MTPA (million tonnes per annum) plant at Jamshedpur in Jharkhand and 3-MTPA plant at Kalinganagar in Odisha.

When communicated for details with respect to the experiment, a Tata Steel spokesperson said, “There is no information available at the moment related to it.”

Earlier, Steel Authority of India Ltd (SAIL) Chairman AK Chaudhary also said that similar initiatives were being carried by the state-owned steel maker.

In an interview with PTI, he had said the domestic steelmakers depend heavily on imported coking coal.

The company is looking at new destinations and vendors for sourcing coking coal from the international market to avoid dependence on limited sources, Mr Chaudhary said.

Besides Australia, part of coking coal demand is also met from South Africa, Canada and the US.

.

Disclaimer: This post has not been edited by our staff and is published from a syndicated feed. The Original Source of this post can be found at Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest

Journalist Kappan tests positive for COVID-19

Malayalam journalist Siddique Kappan, who is jailed in Uttar Pradesh over sedition charges, has tested positive for COVID-19, his...

HDK pulls up govt. over lack of preparedness

Former Chief Minister H.D. Kumaraswamy, who on Tuesday participated in the all-party meeting convened by the Governor, said that the government is yet Disclaimer: This...

Coronavirus | Smaller hospitals in Chennai feel the pinch

A number of private hospitals, especially small and medium-sized facilities treating COVID-19 patients, are anticipating a scarcity of oxygen. While government and corporate hospitals...

Coronavirus | Tripura imposes night curfew; ₹1,000 fine for social distancing...

Tripura government on Wednesday imposed night curfew, from 10 p.m. to 5 a.m. till April 30, and enforced several measures amid fresh wave of...

LSGIs to spearhead COVID-19 management in Kerala

Chief Minister Pinarayi Vijayan said ward-level committees of local self-government institutions (LSGIs) comprising elected members, ASHA worker, Health Department staff, the police, and volunteers...

More Articles