Tata Steel has not purchased PCI coal from Russia after its April announcement of the severing of business ties with Russia amid ongoing conflict with Ukraine, a company spokesman said Wednesday.
On April 20, Tata Steel had said it would stop doing business with Russia. To ensure business continuity, all of its steel production sites in India, the UK and the Netherlands have sourced alternative raw material sources to end dependence on Russia.
“Tata Steel would like to clarify the misinformation circulating in some parts of the media regarding the buying/importing of coal from Russia,” the spokesperson said.
A deal to supply 75,000 tons of PCI coal was finalized in March 2022, and the contract went into effect weeks before the April announcement by Tata Steel.
The shipment was received in May 2022 to fulfill the business commitment made prior to the announcement.
“Following the announcement, Tata Steel has not made any new purchases of PCI coal from Russia. As a responsible company, we have committed to our position and the obligations arising from it,” the spokesperson said.
The pulverized coal is used by steel producers in the blast furnace (BF) as an auxiliary fuel. Pulverized Coal Injection (PCI) is a process in which large quantities of fine coal particles are injected into the BF feed line.
(This story was not edited by DailyExpertNews staff and was generated automatically from a syndicated feed.)