India’s leading steelmaker, JSW Steel has increased by INR 300-900/t today as against the last offer floated earlier this month. Increment in offers for higher grade lump from its Nuagaon mines is greater than offers for low grade due to tighter material availability in the merchant market. JSW had won the mine at a premium of 95.2% in the Odisha auctions. Spread over 767.284 ha, the mine has an environment clearance (EC) limit of 5.62 mn t.
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