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JSW Steel plans to restart coking coal mining in US following price rise: Report

22 Nov 2016 Evaluate

JSW Steel is reportedly planning to restart coking coal mining in the US following sharp rise in prices during the last few months. The spot coking coal prices have more than trebled from $90 a tonne to $310 a tonne since July, on the back of strong demand from China and predictions of worst-ever cyclone in Australia.

Though the increase in coking coal and iron ore prices are eating into the company’s margins it has thrown a great opportunity to restart iron ore and coking coal mines in Chile and the US. The company owns nine coking coal mines with cumulative resources of 123 million tonnes at West Virginia in the US.

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

1277.70 -5.60 (-0.44%)
08-May-2026 16:59 View Price Chart
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Company Name CMP
Tata Steel 214.45
JSW Steel 1277.70
SAIL 184.80
Jindal Stainless 755.10
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