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JSW Steel to increase imports of iron ore: Report

22 Oct 2014 Evaluate

JSW Steel is reportedly planning to increase imports of iron ore by up to 80 percent to 900,000 tonnes a month from its current 500,000 tonnes per month levels, due to a domestic shortage and a slump in international prices. The company will also participate in government auctions for coal mines for captive consumption.

JSW needs about 22 million tonnes of the steel making raw material per year to make steel but did not import any last year. It has imported about 1.7 million tonnes in the first half of this fiscal.

Further, the company is expecting to bid for mines that would be available after the government on Monday announced plans to auction coal-bearing land which was taken back from private companies whose mining licenses were cancelled by the Supreme Court last month.

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.

JSW Steel Share Price

1239.90 24.35 (2.00%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Tata Steel 212.05
JSW Steel 1239.90
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Jindal Stainless 787.90
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