Talks with Teck over possible stake in coal unit have yielded ‘nothing concrete,’ JSW Steel CEO says

JSW Steel Chief Executive Jayant Acharya said the diplomatic row between Canada and India should not impact business decisions, adding ‘let us see how those situations evolve’

over buying a possible stake in its coking coal unit have yielded “nothing concrete”, JSW Steel Chief Executive Jayant Acharya told Reuters on Monday.

Acharya said the diplomatic row should not impact business decisions, adding “let us see how those situations evolve”. He further said an increase in prices of coking coal, used in steelmaking, in the last one and a half months would affect costs during October-December unless they moderated.

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