Speaking at ‘Karnataka Manufacturing Summit’ organised by Assocham, Southern Regional Council on Thursday, Mr Vinod Nowal,
JSW Steel director and CEO said iron ore stocks were sufficient to cater to the needs of steel companies for 45 days. “I do not know what is in store for steel companies in the state after 45 days. It would be difficult for us to keep the steel plants working if mining does not resume immediately in the state,’’ he said.
Sources report that big plants like JSW have no option but to buy iron ore from Odsiha at higher prices and also it attracts high freight charges.
Currently JSW has shipped 2-3 vessels of iron ore fines from Paradip port (Odisha) to its plant based in Karnataka and Maharastra.
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