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India's Tata Steel taps Australia, North America for coal

CEO says company needs to replace Russian cargoes after halting purchases

Red-hot steel plates pass through a press at a Tata Steel plant. The company and its rivals face soaring production costs.    © Reuters

MUMBAI -- India's Tata Steel is ramping up purchases of Australian and North American coal after halting imports from Russia in the wake of the Ukraine war, the head of the company told Nikkei Asia.

India's largest steelmaker by revenue used to buy around 3 million tonnes of the commodity a year from Russia, accounting for around 17% of its imports. But it has turned elsewhere for cargoes after Moscow's invasion of Ukraine unleashed a wave of international condemnation.

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