Tata Steel stops coal purchase from Russia after April announcement
Tata Steel has not made any purchase of Pulverised Coal Injection (PCI) coal from Russia post its April announcement of severing business relations with Russia amid the ongoing conflict with Ukraine. Tata Steel had said it would stop doing business with Russia on April 20. All its steel manufacturing sites in India, the Netherlands, and the UK have sourced alternative supplies of raw materials to end its reliance on Russia to ensure business continuity. Tata Steel would like to clarify its view of the incorrect information floating around in some areas of the media concerning the buying and importing of coal from Russia. In March 2022, a deal for the supply of 75,000 tonne of PCI coal was finalised, and the agreement became effective weeks before Tata Steel's April notification. In May 2022, the shipment was received to honour the business commitment made before the notification. Tata Steel has not made any fresh buy of PCI coal from Russia. As a responsible corporate, the firm has and will continue to remain determined to our stated outlook and resulting obligations. The pulverised coal is employed by steelmakers in the blast furnace(BF) as an auxiliary fuel. Pulverised Coal Injection (PCI) is a method that involves injecting large volumes of fine coal particles into the BF raceway. Image Source
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