Tag: Iron Ore Purchases%2

India: Economical Iron Ore Imports shift JSW Steel’s Interest from Karnataka E-auction

Oct 15, 2014

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by

Seema Goenka

in Uncategorized

JSW Steel, having largest crude steel capacity of 14.3 MnT pa and top Iron ore purchaser at Karnataka e-auctions, has cut down its procurement from Karnataka in Q2 FY15 to 2.5 MnT against 2.9 MnT in Q1 FY15. The map below shows Q-o-Q comparison of JSW’s Iron ore procurement from Karnataka, which has reduced in Q2 FY15 because of cheaper…