Top aluminium and steelmakers witness a rise in thermal coal stock, secondary players still under pressure
Top steel and aluminium makers are witnessing a rise in thermal coal stock levels even as some secondary players are still reeling under supply constraints of solid fuel from the state-owned Coal India Ltd.
“In between, there was a period where we were really worried. Stocks were low; it came down to 4-5 days for us, but now things have improved,” said T.V.Narendran, Tata Steel NSE -0.80 %’s managing director.
While Tata Steel also imports thermal coal from countries such as South Africa, Narendran said that the company went lean on stocks during the month of October.
