Press Trust of India reported that JSW Steel has increased the quantum of pulverized coal being purchased from Russia to 10-15% of its requirements in recent times. JSW Steel’s Deputy Managing Director Dr Vinod Nowal told PTI “We have increased our supplies of pulverized coal from Russia up to 10-15% of our requirement. Earlier, it was in the range of 2-3%.” The higher PCI purchase by JSW Steel comes amid the Russia-Ukraine conflict, which has disrupted raw material supplies to steel sector. Incidentally UK’s Financial Times had reported on 12 May that JSW Group’s Chairman & Managing Director Mr Sajjan Jindal in an interview had said that “JSW Steel had met Russian coal traders but was not offered a serious discount. It’s not very attractive to buy from Russia, and then also that would upset our customers in the US and in Europe.”
Press Trust of India reported that JSW Steel has increased the quantum of pulverized coal being purchased from Russia to 10-15% of its requirements in recent times. JSW Steel’s Deputy Managing Director Dr Vinod Nowal told PTI “We have increased our supplies of pulverized coal from Russia up to 10-15% of our requirement. Earlier, it was in the range of 2-3%.” The higher PCI purchase by JSW Steel comes amid the Russia-Ukraine conflict, which has disrupted raw material supplies to steel sector. Incidentally UK’s Financial Times had reported on 12 May that JSW Group’s Chairman & Managing Director Mr Sajjan Jindal in an interview had said that “JSW Steel had met Russian coal traders but was not offered a serious discount. It’s not very attractive to buy from Russia, and then also that would upset our customers in the US and in Europe.”
