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✅ JSW Steel wins LoI from Bharat Coking Coal, ensuring a steady supply of coking coal.
✅ The move enhances raw material security, reducing reliance on imports.
✅ Strengthening domestic coal procurement supports India’s self-reliance goals.
JSW Steel has received a Letter of Intent (LoI) from Bharat Coking Coal Ltd (BCCL), a subsidiary of Coal India, for the supply of coking coal. This development marks a crucial step in securing raw material supplies for JSW Steel’s operations, as coking coal remains a vital component in steelmaking.
The move aligns with India’s broader strategy to reduce dependence on imported coal and strengthen domestic sourcing. JSW Steel’s ability to procure coking coal from BCCL will enhance its cost efficiency, ensuring a steady supply of a critical raw material amid fluctuating global prices.
Industry analysts see this as a significant boost for JSW Steel, allowing it to streamline production and maintain competitive pricing in the steel market. Additionally, this partnership strengthens collaboration between private steelmakers and public sector coal producers, supporting the Indian government’s push for self-reliance in key industrial sectors.
As steelmakers continue to navigate global market challenges, securing stable coal supply agreements will play a vital role in sustaining production and profitability. This latest development is expected to reinforce JSW Steel’s position in the domestic and global steel market.
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