Jindal Steel, a major player in India’s steel industry and led by Naveen Jindal, has significantly reduced its reliance on Australian coking coal by more than 50%, according to a recent statement. This strategic move aims to mitigate geographical risks and manage cost pressures more effectively.

In a bid to diversify its supply chain, Jindal Steel has sourced new supplies of coking coal from Africa and Southeast Asia. This shift has not only decreased dependence on Australian coal but also enhanced the company’s cost efficiency and supply chain stability.

Pankaj Malhan, Executive Director-in-Charge of Jindal Steel in Angul, emphasized the necessity of diversifying coking coal sources amid global uncertainties and disruptions in supply chains. “Reducing our reliance on Australian coking coal and boosting our intake from other regions has fortified our supply chain and allowed us to improve cost efficiency,” Malhan stated.

The company has reported that its coke oven team has developed new blends, leading to the production of higher-quality coke at reduced costs. This innovation is part of Jindal Steel’s ongoing efforts to optimize operations and adapt to evolving market conditions.

Looking ahead, Jindal Steel plans to continue diversifying its coking coal sources further in the coming months, aiming to enhance its supply chain resilience and operational efficiency.