JSW Steel is planning to import around 6 million tonnes of iron ore in the current fiscal from overseas market due to severe shortage of iron ore in the domestic market. The company does not have a captive iron ore mine.
Moreover, the recent closure of mines in Odisha, delay in opening up of mines in Karnataka and Goa had resulted in acute shortage of iron ore in the country.
JSW Steel is part of the JSW group which, in turn, is a part of the O P Jindal group. JSW Steel is one of the largest steel manufacturing companies in India having units in Karnataka and Maharashtra producing crude steel, long steel and flat steel products.
