-3.65 (-0.31%) JSW Steel is planning to import 5 million tonnes of the raw material to operate plants in Salem, Tamil Nadu, and Dolvi, near Mumbai. The company is planning to take this initiative after facing iron ore shortages for more than 18 months. At present, it is sourcing the raw material from Australia and South American countries and has already received some consignment at Tuticorin port and JNPT, Mumbai.
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.