SAIL Faces Chinese Steel Dumping, Pursues Mozambique Coal

SAIL, a major steel company, is worried about cheaper steel from China and new carbon rules in Europe, which could hurt its business.

To combat this, they're looking to get coking coal, a key ingredient for making steel, from Mozambique.

They've already made a deal.

They also made a profit last year, despite lower sales.

SAIL is investing more money to be more environment friendly.

The company is concerned about potential problems, especially those concerning delays in getting land for coal mines and securing required permissions.