Port logjams threaten coal demand: Tata Steel

Original article by Luke Housego
The Australian Financial Review – Page: 19 : 5-Dec-19

Tata Steel MD T.V. Narendran says India will continue to source the bulk of its coking coal from Australia; however, he warns that India will seek other sources of coking coal if action is not taken to address bottlenecks at Queensland’s coal shipping ports. Narendran notes that India currently imports about 50 million tonnes of coking coal a year, and this will grow significantly amid expectations that the nation’s steel production will double over the next decade.

CORPORATES
TATA STEEL, AUSTRALIA. OFFICE OF THE CHIEF ECONOMIST

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s