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JSW Aiming to Boost Thermal Coal Trading

Coal News - Published on Mon, 24 Feb 2020

Image Source: Coal Import JSW
Argus reported that JSW plans to boost its thermal coal trading operations, underscoring the conglomerate's aim of tapping growing opportunities in the seaborne coal markets. A company official told Argus “JSW group expects to import about 20 million tonne of thermal coal in the 2019-20 fiscal year ending 31 March, of which around 13 million tonne will be sourced for its power and steel businesses and 7 million tonne for its coal trading business. JSW aims to raise imports to about 23 million tonne from 2021-22, lifting the foreign seaborne coal handled by its trading business to around 10 million tonne.”

JSW will continue to focus on buying low-to-mid calorific value thermal coal, with grades ranging from GAR 4,200 (NAR 3,800)-GAR 5,000 kcal/kg. The bulk of its imports come from Indonesia and South Africa.

The company hopes to diversify its sources and is looking to secure steady supplies from other origins, including the US, Colombia and Russia, as it extends its trading business.

JSW imported about 18 million tonne of thermal coal in 2018-19, with trading volumes accounting for about 5 million tonne.

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Posted By : Yogender Pancholi on Mon, 24 Feb 2020
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