Jindal Steel Cuts Dependence on Australian Coke, Enhances Supply Chain Resilience

12 Aug 2024 CW Team

Jindal Steel and Power Ltd. has successfully minimised its dependence on Australian coke, a crucial raw material for steel production. This strategic shift is part of the company's broader efforts to enhance its supply chain resilience and mitigate risks associated with global supply disruptions.

The reduction in reliance on Australian coke comes as Jindal Steel seeks to diversify its sources and stabilise its operations amid fluctuating global market conditions. By exploring alternative suppliers and increasing domestic sourcing, the company aims to safeguard its production processes and manage costs more effectively.

This move is expected to provide Jindal Steel with greater flexibility and control over its supply chain. It aligns with the company's long-term strategy to strengthen its operational efficiency and reduce vulnerability to external market shocks. The shift is also anticipated to have a positive impact on the company?s financial performance by improving cost management and reducing supply chain risks.

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